Carlisle Companies Incorporated (NYSE:CSL) Receives $472.00 Average Price Target from Analysts

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

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in Carlisle Companies by 47.9% during the first quarter. SG Americas Securities LLC now owns 3,725 shares of the conglomerate’s stock worth $1,460,000 after acquiring an additional 1,206 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Carlisle Companies by 57.5% in the first quarter. Russell Investments Group Ltd. now owns 44,757 shares of the conglomerate’s stock valued at $17,538,000 after buying an additional 16,339 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Carlisle Companies by 8.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 52,724 shares of the conglomerate’s stock valued at $20,660,000 after buying an additional 4,057 shares in the last quarter. Foundry Partners LLC purchased a new stake in Carlisle Companies during the first quarter worth approximately $213,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Carlisle Companies by 18.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,818 shares of the conglomerate’s stock worth $10,509,000 after acquiring an additional 4,131 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $439.11 on Thursday. Carlisle Companies has a fifty-two week low of $269.58 and a fifty-two week high of $481.26. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.46 and a beta of 0.91. The stock has a fifty day moving average of $443.34 and a two-hundred day moving average of $423.07. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $4.68 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. On average, analysts anticipate 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 will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.91%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

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.