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

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been given a consensus rating of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $386.6667.

A number of research firms recently issued reports on CSL. JPMorgan Chase & Co. dropped their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Robert W. Baird lowered their target price on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Truist Financial cut their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Finally, Vertical Research initiated coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently bought and sold shares of the company. Boston Common Asset Management LLC lifted its position in Carlisle Companies by 9.4% during the 2nd quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock worth $5,210,000 after acquiring an additional 1,202 shares during the period. EFG Asset Management North America Corp. increased its holdings in shares of Carlisle Companies by 11.3% in the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after purchasing an additional 885 shares during the period. Sierra Legacy Group purchased a new position in shares of Carlisle Companies in the second quarter worth about $764,000. Andra AP fonden lifted its holdings in shares of Carlisle Companies by 1,207.7% during the second quarter. Andra AP fonden now owns 27,449 shares of the conglomerate’s stock worth $10,249,000 after purchasing an additional 25,350 shares during the period. Finally, Legal & General Group Plc boosted its position in Carlisle Companies by 4.9% in the second quarter. Legal & General Group Plc now owns 162,884 shares of the conglomerate’s stock valued at $60,821,000 after buying an additional 7,569 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $364.49 on Tuesday. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. Carlisle Companies has a 12 month low of $293.43 and a 12 month high of $435.92. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.13 and a beta of 0.95. The firm’s 50-day moving average is $327.52 and its 200 day moving average is $351.40.

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

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a $1.10 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies’s payout ratio is presently 24.96%.

About Carlisle Companies

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.