Brokerages Set Carlisle Companies Incorporated (NYSE:CSL) PT at $472.00

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $472.00.

Several equities research analysts recently issued reports on CSL shares. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer boosted their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Finally, Robert W. Baird dropped their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th.

Carlisle Companies Stock Performance

CSL opened at $426.79 on Monday. The firm has a fifty day moving average price of $448.43 and a 200 day moving average price of $426.37. Carlisle Companies has a 1 year low of $291.23 and a 1 year high of $481.26. The stock has a market cap of $19.35 billion, a P/E ratio of 15.10, a P/E/G ratio of 1.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company posted $4.68 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Carlisle Companies will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.94%. Carlisle Companies’s payout ratio is 14.15%.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies during the third quarter worth about $25,000. ORG Partners LLC acquired a new position in shares of Carlisle Companies in the second quarter valued at approximately $31,000. ORG Wealth Partners LLC purchased a new stake in Carlisle Companies during the 3rd quarter worth approximately $32,000. True Wealth Design LLC lifted its holdings in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after buying an additional 70 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Carlisle Companies in the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.