Carlisle Companies Incorporated (NYSE:CSL) Receives Consensus Rating of “Hold” from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has been given an average recommendation of “Hold” by the ten analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $386.6667.

CSL has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group lowered their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Vertical Research assumed coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday. Finally, Robert W. Baird lowered their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a report on Monday, October 13th.

Carlisle Companies Trading Up 0.1%

Shares of CSL opened at $330.75 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $435.92. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.15 and a beta of 0.96. The business’s fifty day moving average is $322.68 and its 200-day moving average is $356.76.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, beating the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm posted $5.78 earnings per share. Carlisle Companies’s revenue was up 1.0% compared to the same quarter last year. Equities analysts anticipate that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.96%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC bought a new position in Carlisle Companies during the second quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth about $25,000. GFG Capital LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth about $25,000. Hemington Wealth Management raised its position in shares of Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Carlisle Companies by 527.3% in the 2nd 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 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.