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

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $476.00.

A number of brokerages have recently commented on CSL. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group lowered their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Truist Financial began coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target for the company. Finally, Loop Capital lowered their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $340.26 on Friday. The stock has a market capitalization of $15.16 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.03 and a beta of 0.96. Carlisle Companies has a 1-year low of $332.04 and a 1-year high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $370.24 and a two-hundred day moving average price of $411.25.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter in the previous year, the company posted $4.17 earnings per share. Equities analysts predict that Carlisle Companies will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.18%. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the company’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. This represents a 15.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Carlisle Companies

A number of large investors have recently bought and sold shares of CSL. Capital Performance Advisors LLP acquired a new position in Carlisle Companies during the 3rd quarter worth approximately $25,000. TD Private Client Wealth LLC boosted its holdings in shares of Carlisle Companies by 475.0% in the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after buying an additional 57 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after buying an additional 70 shares during the last quarter. GeoWealth Management LLC boosted its holdings in shares of Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after buying an additional 29 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Carlisle Companies by 95.1% in the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock valued at $59,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds 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.