Carlisle Companies Incorporated (NYSE:CSL) Receives Average Recommendation of “Hold” from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $386.6667.

CSL has been the topic of several recent research reports. Truist Financial dropped their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Robert W. Baird lowered their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. JPMorgan Chase & Co. cut their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Finally, Oppenheimer dropped their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th.

Hedge Funds Weigh In On Carlisle Companies

Large investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. increased its holdings in Carlisle Companies by 0.3% in the fourth quarter. Thompson Davis & CO. Inc. now owns 28,982 shares of the conglomerate’s stock valued at $9,270,000 after buying an additional 100 shares in the last quarter. Tilia Fiduciary Partners Inc. grew its position in shares of Carlisle Companies by 5.2% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 7,926 shares of the conglomerate’s stock valued at $2,535,000 after acquiring an additional 393 shares during the period. Bath Savings Trust Co increased its stake in shares of Carlisle Companies by 62.6% in the 4th quarter. Bath Savings Trust Co now owns 2,054 shares of the conglomerate’s stock valued at $657,000 after purchasing an additional 791 shares in the last quarter. Pensionfund Sabic purchased a new position in shares of Carlisle Companies in the 4th quarter valued at about $960,000. Finally, SG Americas Securities LLC raised its holdings in Carlisle Companies by 744.0% in the 4th quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock worth $29,162,000 after purchasing an additional 80,368 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 0.5%

Shares of CSL stock opened at $356.66 on Tuesday. 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 fifty-two week low of $293.43 and a fifty-two week high of $435.92. The firm has a market capitalization of $14.90 billion, a PE ratio of 20.23, a P/E/G ratio of 1.10 and a beta of 0.95. The stock’s 50-day simple moving average is $323.46 and its 200-day simple moving average is $352.25.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $5.78 earnings per share. Carlisle Companies’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts expect that Carlisle Companies will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.96%.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.