Brokerages Set Carlisle Companies Incorporated (NYSE:CSL) PT at $386.67

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

CSL has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. 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 report on Monday, October 20th. Vertical Research started coverage on Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Robert W. Baird decreased their price target on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research note on Monday, October 13th. Finally, Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd.

Carlisle Companies Price Performance

NYSE:CSL opened at $364.49 on Tuesday. Carlisle Companies has a one year low of $293.43 and a one year high of $435.92. The stock has a market cap of $15.23 billion, a PE ratio of 20.67, a P/E/G ratio of 1.13 and a beta of 0.95. 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 stock has a 50 day moving average price of $326.59 and a 200 day moving average price of $351.94.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $5.78 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts expect that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Hedge Funds Weigh In On Carlisle Companies

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after purchasing an additional 358,241 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Carlisle Companies by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after buying an additional 130,235 shares during the period. Invesco Ltd. lifted its stake in Carlisle Companies by 2.6% during the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after acquiring an additional 27,049 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Carlisle Companies by 113.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after acquiring an additional 558,710 shares in the last quarter. Finally, Sands Capital Management LLC grew its position in Carlisle Companies by 99.2% in the 3rd quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock valued at $279,452,000 after acquiring an additional 423,141 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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.