Carlisle Companies Incorporated (NYSE:CSL) Given Consensus Recommendation of “Buy” by Analysts

Shares of Carlisle Companies Incorporated (NYSE:CSLGet Rating) have been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $277.57.

CSL has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of Carlisle Companies from $280.00 to $300.00 in a report on Friday, February 11th. StockNews.com initiated coverage on shares of Carlisle Companies in a report on Thursday, March 31st. They set a “hold” rating on the stock. Oppenheimer raised their price target on shares of Carlisle Companies from $275.00 to $300.00 in a report on Friday, February 11th. Credit Suisse Group assumed coverage on shares of Carlisle Companies in a report on Tuesday, April 5th. They issued a “neutral” rating and a $275.00 target price on the stock. Finally, Loop Capital lifted their target price on shares of Carlisle Companies from $285.00 to $305.00 in a report on Friday, April 8th.

In other Carlisle Companies news, VP Douglas Charles Taylor sold 13,070 shares of the company’s stock in a transaction on Friday, February 18th. The shares were sold at an average price of $235.73, for a total transaction of $3,080,991.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John E. Berlin sold 6,192 shares of the stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $236.94, for a total transaction of $1,467,132.48. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley increased its position in Carlisle Companies by 50.5% during the second quarter. Morgan Stanley now owns 119,684 shares of the conglomerate’s stock worth $22,905,000 after acquiring an additional 40,139 shares during the period. XML Financial LLC acquired a new stake in Carlisle Companies during the third quarter worth about $209,000. New York State Common Retirement Fund grew its stake in Carlisle Companies by 61.9% during the third quarter. New York State Common Retirement Fund now owns 185,380 shares of the conglomerate’s stock worth $36,852,000 after buying an additional 70,847 shares in the last quarter. Raymond James & Associates grew its stake in Carlisle Companies by 7.1% during the third quarter. Raymond James & Associates now owns 15,140 shares of the conglomerate’s stock worth $3,010,000 after buying an additional 1,002 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in Carlisle Companies by 1.0% during the third quarter. Segall Bryant & Hamill LLC now owns 61,896 shares of the conglomerate’s stock worth $12,306,000 after buying an additional 638 shares in the last quarter. 93.00% of the stock is currently owned by institutional investors.

Shares of NYSE:CSL opened at $244.29 on Monday. The company has a 50 day moving average price of $238.15 and a 200 day moving average price of $233.00. Carlisle Companies has a 1-year low of $171.33 and a 1-year high of $255.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.32 and a current ratio of 1.84. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 1.00 and a beta of 1.10.

Carlisle Companies (NYSE:CSLGet Rating) last posted its quarterly earnings data on Thursday, February 10th. The conglomerate reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.30. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.29 billion. Carlisle Companies had a net margin of 8.61% and a return on equity of 20.32%. The company’s revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. On average, sell-side analysts expect that Carlisle Companies will post 14.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 1st. Investors of record on Friday, February 18th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Thursday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 27.27%.

Carlisle Companies Company Profile (Get Rating)

Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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