Carlisle Companies Incorporated (NYSE:CSL) Receives $476.00 Average Target Price from Brokerages

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat 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 target price among analysts that have updated their coverage on the stock in the last year is $476.00.

A number of analysts have recently weighed in on the company. Loop Capital cut their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Oppenheimer reissued an “outperform” rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, 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 report on Tuesday, January 14th.

Carlisle Companies Stock Performance

CSL opened at $336.89 on Wednesday. The business has a fifty day simple moving average of $359.46 and a 200 day simple moving average of $403.35. The company has a market capitalization of $15.01 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. Carlisle Companies has a 1 year low of $321.93 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $4.17 earnings per share. Research analysts expect that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $1.00 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.19%. Carlisle Companies’s payout ratio is presently 14.48%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Carlisle Companies

A number of institutional investors have recently made changes to their positions in CSL. Metis Global Partners LLC boosted its position in shares of Carlisle Companies by 5.2% during the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock valued at $273,000 after purchasing an additional 30 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in Carlisle Companies in the third quarter worth approximately $521,000. CIBC Asset Management Inc boosted its holdings in Carlisle Companies by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,394 shares of the conglomerate’s stock worth $627,000 after acquiring an additional 45 shares in the last quarter. Quest Partners LLC boosted its holdings in Carlisle Companies by 624.8% in the third quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock worth $2,090,000 after acquiring an additional 4,005 shares in the last quarter. Finally, Lindenwold Advisors INC boosted its holdings in Carlisle Companies by 3.4% in the third quarter. Lindenwold Advisors INC now owns 1,383 shares of the conglomerate’s stock worth $622,000 after acquiring an additional 46 shares in the last quarter. Institutional investors 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.