Carlisle Companies (NYSE:CSL) Price Target Lowered to $385.00 at Robert W. Baird

Carlisle Companies (NYSE:CSL) had its target price trimmed by Robert W. Baird from $440.00 to $385.00 in a research note released on Monday, MarketBeat.com reports. The brokerage currently has an outperform rating on the conglomerate’s stock.

A number of other analysts have also recently weighed in on CSL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Truist Financial decreased their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, September 22nd. Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Finally, Loop Capital cut shares of Carlisle Companies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and a consensus target price of $403.33.

Carlisle Companies Stock Up 0.6%

Shares of Carlisle Companies stock opened at $325.89 on Monday. The company has a fifty day moving average price of $360.97 and a 200 day moving average price of $372.44. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. Carlisle Companies has a twelve month low of $311.41 and a twelve month high of $481.26. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last announced 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). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company posted $6.24 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts forecast that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a $1.10 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.58%.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors have recently modified their holdings of the stock. Sands Capital Management LLC acquired a new stake in Carlisle Companies during the second quarter worth about $159,203,000. JPMorgan Chase & Co. raised its stake in Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after acquiring an additional 358,241 shares during the period. Norges Bank acquired a new stake in Carlisle Companies during the second quarter worth about $128,856,000. Cooke & Bieler LP acquired a new stake in Carlisle Companies during the first quarter worth about $74,095,000. Finally, Leith Wheeler Investment Counsel Ltd. raised its stake in Carlisle Companies by 755.3% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 242,590 shares of the conglomerate’s stock worth $91,000 after acquiring an additional 214,226 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.