Analysts Set Carlisle Companies Incorporated (NYSE:CSL) Target Price at $470.00

Shares of Carlisle Companies Incorporated (NYSE:CSL) have earned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One research 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 $470.00.

Several brokerages have recently issued reports on CSL. Truist Financial started coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Robert W. Baird reduced their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Oppenheimer reiterated an “outperform” rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th.

Carlisle Companies Stock Performance

Shares of CSL opened at $371.13 on Friday. Carlisle Companies has a 12-month low of $297.25 and a 12-month high of $481.26. The stock has a market cap of $16.82 billion, a P/E ratio of 13.13, a PEG ratio of 1.41 and a beta of 0.92. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $422.03 and a two-hundred day moving average of $422.93.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.68 earnings per share. As a group, research analysts predict that Carlisle Companies will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Carlisle Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Driehaus Capital Management LLC grew its stake in Carlisle Companies by 44.6% during the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after buying an additional 17,472 shares during the period. KBC Group NV boosted its position in Carlisle Companies by 34.9% during the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock worth $4,788,000 after purchasing an additional 2,752 shares during the period. Quest Partners LLC increased its holdings in Carlisle Companies by 624.8% in the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock valued at $2,090,000 after purchasing an additional 4,005 shares in the last quarter. Geode Capital Management LLC raised its position in Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in shares of Carlisle Companies during the third quarter worth about $631,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.