Carlisle Companies (NYSE:CSL) Price Target Lowered to $410.00 at JPMorgan Chase & Co.

Carlisle Companies (NYSE:CSL) had its price target lowered by JPMorgan Chase & Co. from $480.00 to $410.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the conglomerate’s stock.

Separately, Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $435.83.

Carlisle Companies Stock Performance

CSL stock opened at $333.93 on Wednesday. The business’s fifty day moving average is $388.08 and its 200-day moving average is $373.05. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The company has a market cap of $14.28 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.09 and a beta of 1.05. Carlisle Companies has a twelve month low of $311.41 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company earned $6.24 EPS. Equities research analysts forecast that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a $1.10 dividend. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is 24.58%.

Institutional Investors Weigh In On Carlisle Companies

Hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in Carlisle Companies by 35.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate’s stock valued at $3,902,000 after purchasing an additional 2,976 shares during the last quarter. Spire Wealth Management lifted its stake in Carlisle Companies by 2.8% in the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate’s stock valued at $667,000 after purchasing an additional 54 shares during the last quarter. CX Institutional acquired a new stake in Carlisle Companies in the 1st quarter valued at about $49,000. GAMMA Investing LLC lifted its stake in Carlisle Companies by 12.4% in the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate’s stock valued at $507,000 after purchasing an additional 164 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Carlisle Companies by 11.5% during the first quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate’s stock worth $376,000 after acquiring an additional 114 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.