Carlisle Companies (NYSE:CSL) Now Covered by Vertical Research

Vertical Research initiated coverage on shares of Carlisle Companies (NYSE:CSL) in a report issued on Monday, MarketBeat.com reports. The brokerage issued a hold rating on the conglomerate’s stock.

A number of other research firms also recently issued reports on CSL. Oppenheimer dropped their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday. JPMorgan Chase & Co. lowered 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 note on Wednesday, September 17th. The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Truist Financial lowered their price target 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. Finally, Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $390.00.

Carlisle Companies Price Performance

Shares of CSL stock opened at $329.26 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The company has a market capitalization of $14.08 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.08 and a beta of 1.00. The company’s 50-day simple moving average is $357.53 and its two-hundred day simple moving average is $372.07. Carlisle Companies has a one year low of $311.41 and a one year high of $473.16.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $6.24 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts anticipate that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. GFG Capital LLC acquired a new stake in shares of Carlisle Companies during the second quarter worth $25,000. Hemington Wealth Management lifted its position in Carlisle Companies by 61.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $25,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Carlisle Companies by 527.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 58 shares during the period. 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.