Carlisle Companies (NYSE:CSL) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies (NYSE:CSL) in a report published on Tuesday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $500.00 price objective on the conglomerate’s stock.

Several other brokerages have also recently commented on CSL. Zelman & Associates upgraded shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Truist Financial lowered their target price 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. Robert W. Baird raised their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $461.67.

Carlisle Companies Stock Up 2.2%

CSL stock opened at $372.45 on Tuesday. The business’s 50-day moving average price is $377.98 and its 200-day moving average price is $368.04. The stock has a market cap of $16.11 billion, a P/E ratio of 13.87, a PEG ratio of 1.10 and a beta of 1.06. Carlisle Companies has a twelve month low of $311.41 and a twelve month high of $481.26. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.08. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. Carlisle Companies’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.72 EPS. On average, equities research analysts forecast that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies’s payout ratio is 14.89%.

Hedge Funds Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC boosted its holdings in Carlisle Companies by 26.6% in the 1st quarter. Voya Investment Management LLC now owns 30,188 shares of the conglomerate’s stock worth $10,279,000 after buying an additional 6,345 shares during the last quarter. Guinness Asset Management LTD purchased a new position in Carlisle Companies during the first quarter worth about $10,319,000. eCIO Inc. acquired a new position in Carlisle Companies in the 1st quarter valued at about $120,000. First Hawaiian Bank increased its holdings in shares of Carlisle Companies by 8.1% during the 1st quarter. First Hawaiian Bank now owns 3,046 shares of the conglomerate’s stock worth $1,037,000 after buying an additional 227 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Carlisle Companies during the 1st quarter worth $17,025,000. Institutional investors and hedge funds 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.