Carlisle Companies (NYSE:CSL) Now Covered by Analysts at William Blair

William Blair initiated coverage on shares of Carlisle Companies (NYSE:CSL) in a research report released on Friday morning, MarketBeat.com reports. The brokerage issued a market perform rating on the conglomerate’s stock.

Several other research firms have also issued reports on CSL. Oppenheimer lowered their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. The Goldman Sachs Group dropped 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 note on Monday, October 13th. Robert W. Baird cut their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Price Performance

CSL stock opened at $340.79 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. The company’s fifty day moving average price is $334.78 and its 200-day moving average price is $348.49. Carlisle Companies has a one year low of $293.43 and a one year high of $435.92. The company has a market capitalization of $14.24 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.07 and a beta of 0.95.

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

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be 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 is Tuesday, February 17th. Carlisle Companies’s payout ratio is presently 24.96%.

Institutional Investors Weigh In On Carlisle Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in shares of Carlisle Companies by 36.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after purchasing an additional 28,414 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Carlisle Companies by 9.9% in the second quarter. Signaturefd LLC now owns 621 shares of the conglomerate’s stock worth $232,000 after buying an additional 56 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Carlisle Companies by 15.0% during the second quarter. HB Wealth Management LLC now owns 2,376 shares of the conglomerate’s stock worth $887,000 after buying an additional 310 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Carlisle Companies by 384.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,147 shares of the conglomerate’s stock valued at $1,175,000 after buying an additional 2,497 shares during the last quarter. Finally, Ascent Group LLC purchased a new stake in shares of Carlisle Companies during the second quarter valued at $261,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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.