Carlisle Companies, Inc. (NYSE:CSL) has earned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $131.00.
A number of equities research analysts have recently weighed in on CSL shares. B. Riley lifted their price target on shares of Carlisle Companies from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research report on Monday, July 30th. Oppenheimer reiterated a “hold” rating on shares of Carlisle Companies in a research report on Sunday, July 1st. ValuEngine upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, Robert W. Baird lifted their price target on shares of Carlisle Companies from $124.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th.
A number of institutional investors and hedge funds have recently made changes to their positions in CSL. Wells Fargo & Company MN raised its position in Carlisle Companies by 178.4% during the second quarter. Wells Fargo & Company MN now owns 1,707,543 shares of the conglomerate’s stock valued at $184,943,000 after purchasing an additional 1,094,184 shares in the last quarter. Pzena Investment Management LLC acquired a new position in Carlisle Companies during the first quarter valued at approximately $76,217,000. Prudential Financial Inc. raised its position in Carlisle Companies by 281.7% during the first quarter. Prudential Financial Inc. now owns 320,379 shares of the conglomerate’s stock valued at $33,451,000 after purchasing an additional 236,437 shares in the last quarter. Reinhart Partners Inc. acquired a new position in Carlisle Companies during the second quarter valued at approximately $21,557,000. Finally, Fiduciary Management Inc. WI raised its position in Carlisle Companies by 21.2% during the first quarter. Fiduciary Management Inc. WI now owns 1,092,362 shares of the conglomerate’s stock valued at $114,054,000 after purchasing an additional 191,348 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.
Carlisle Companies opened at $125.67 on Tuesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.10 and a quick ratio of 2.40. Carlisle Companies has a 1-year low of $92.09 and a 1-year high of $127.06. The company has a market capitalization of $7.53 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.38 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, July 24th. The conglomerate reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.27. Carlisle Companies had a net margin of 14.20% and a return on equity of 13.21%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. sell-side analysts anticipate that Carlisle Companies will post 6.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Monday, August 20th will be given a dividend of $0.40 per share. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, August 17th. Carlisle Companies’s payout ratio is currently 26.76%.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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