Carlisle Companies Incorporated (NYSE:CSL) Given Average Recommendation of “Buy” by Brokerages

Carlisle Companies Incorporated (NYSE:CSL – Get Rating) has earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $295.86.

Several brokerages recently weighed in on CSL. Credit Suisse Group raised their target price on Carlisle Companies from $275.00 to $300.00 in a research note on Monday. StockNews.com began coverage on Carlisle Companies in a research note on Thursday, March 31st. They set a “hold” rating for the company. Oppenheimer raised their target price on Carlisle Companies from $300.00 to $315.00 in a research note on Friday, April 29th. Robert W. Baird raised their target price on Carlisle Companies from $300.00 to $325.00 in a research note on Friday, April 29th. Finally, BMO Capital Markets increased their price target on Carlisle Companies from $260.00 to $290.00 in a research report on Tuesday, February 15th.

NYSE:CSL opened at $244.01 on Friday. Carlisle Companies has a 1 year low of $178.73 and a 1 year high of $275.13. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 0.97 and a beta of 0.99. The business has a fifty day moving average of $245.73 and a 200-day moving average of $238.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.32 and a current ratio of 1.88.

Carlisle Companies (NYSE:CSL – Get Rating) last announced its earnings results on Thursday, April 28th. The conglomerate reported $4.26 earnings per share for the quarter, beating the consensus estimate of $2.54 by $1.72. Carlisle Companies had a return on equity of 25.49% and a net margin of 10.49%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.34 billion. On average, equities research analysts predict that Carlisle Companies will post 15.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Tuesday, May 17th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 0.89%. The ex-dividend date is Monday, May 16th. Carlisle Companies’s dividend payout ratio is currently 20.36%.

In other news, VP Douglas Charles Taylor sold 13,070 shares of the stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $235.73, for a total transaction of $3,080,991.10. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $1,467,132.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CSL. Trust Co. of Vermont acquired a new position in shares of Carlisle Companies during the 4th quarter valued at about $25,000. Quent Capital LLC acquired a new position in shares of Carlisle Companies during the 4th quarter valued at about $31,000. Signaturefd LLC increased its holdings in shares of Carlisle Companies by 103.1% during the 1st quarter. Signaturefd LLC now owns 132 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 67 shares during the last quarter. DeDora Capital Inc. acquired a new position in shares of Carlisle Companies during the 1st quarter valued at about $41,000. Finally, San Luis Wealth Advisors LLC acquired a new stake in Carlisle Companies in the 1st quarter valued at approximately $41,000. 89.68% of the stock is currently owned by institutional investors and hedge funds.

About Carlisle Companies (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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