Carlisle Companies Incorporated (NYSE:CSL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $454.00.

CSL has been the subject of a number of research analyst reports. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Robert W. Baird increased their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Wall Street Zen raised Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Finally, Truist Financial dropped their price objective on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, April 24th.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors have recently made changes to their positions in CSL. TD Private Client Wealth LLC grew its stake in Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock worth $25,000 after buying an additional 57 shares during the last quarter. Dagco Inc. purchased a new stake in shares of Carlisle Companies during the first quarter valued at $27,000. MAI Capital Management lifted its holdings in shares of Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. CX Institutional acquired a new position in Carlisle Companies during the first quarter valued at $49,000. Finally, GeoWealth Management LLC raised its position in Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after buying an additional 29 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 1.8%

Shares of CSL opened at $380.26 on Monday. The firm has a market cap of $16.45 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. Carlisle Companies has a 12-month low of $311.41 and a 12-month high of $481.26. The company’s 50-day moving average price is $368.20 and its 200 day moving average price is $376.94. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $3.72 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Carlisle Companies will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies’s payout ratio is 14.89%.

About Carlisle Companies

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.