Carlisle Companies Incorporated (NYSE:CSL) Receives Average Rating of “Moderate Buy” from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $472.00.

Several analysts have weighed in on CSL shares. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Oppenheimer increased their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Robert W. Baird decreased their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $440.01 on Monday. The company has a 50 day moving average price of $449.64 and a 200 day moving average price of $426.33. The firm has a market capitalization of $19.95 billion, a P/E ratio of 15.57, a PEG ratio of 1.44 and a beta of 0.92. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies has a 52 week low of $290.32 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business posted $4.68 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts expect that Carlisle Companies will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies in the 3rd quarter valued at $25,000. ORG Partners LLC purchased a new stake in shares of Carlisle Companies in the second quarter valued at about $31,000. ORG Wealth Partners LLC purchased a new stake in shares of Carlisle Companies in the third quarter valued at about $32,000. True Wealth Design LLC increased its position in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Carlisle Companies during the second quarter worth about $39,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

About Carlisle Companies

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.