Brokerages Set Carlisle Companies Incorporated (NYSE:CSL) Target Price at $472.00

Carlisle Companies Incorporated (NYSE:CSL) has received an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $472.00.

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

Carlisle Companies Price Performance

Shares of CSL stock opened at $419.94 on Monday. The firm’s 50 day moving average is $447.26 and its 200-day moving average is $426.29. Carlisle Companies has a 1 year low of $297.25 and a 1 year high of $481.26. 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 firm has a market capitalization of $19.03 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.41 and a beta of 0.92.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate 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 was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.68 EPS. Sell-side analysts forecast that Carlisle Companies will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies in the 3rd quarter valued at about $25,000. ORG Partners LLC bought a new stake in Carlisle Companies in the second quarter valued at approximately $31,000. ORG Wealth Partners LLC acquired a new stake in shares of Carlisle Companies in the third quarter valued at approximately $32,000. True Wealth Design LLC boosted its stake in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares during the period. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $39,000. 89.52% of the stock is owned by institutional investors.

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.