Carlisle Companies (NYSE:CSL) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Carlisle Companies (NYSE:CSL) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Other analysts have also recently issued reports about the company. Truist Financial dropped their price target on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Loop Capital dropped their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Robert W. Baird raised their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group dropped their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $454.00.

Carlisle Companies Price Performance

Shares of CSL stock opened at $391.03 on Tuesday. The business’s fifty day moving average is $349.84 and its 200 day moving average is $382.83. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.03 and a beta of 1.07. Carlisle Companies has a twelve month low of $311.41 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $3.72 EPS. Carlisle Companies’s quarterly revenue was down .1% compared to the same quarter last year. Research analysts expect that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Monday, May 19th. Carlisle Companies’s payout ratio is presently 14.89%.

Insider Transactions at Carlisle Companies

In other news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of Carlisle Companies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate’s stock valued at $502,239,000 after purchasing an additional 29,799 shares during the last quarter. Franklin Resources Inc. raised its position in Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate’s stock worth $440,476,000 after acquiring an additional 17,206 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Carlisle Companies by 4.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate’s stock worth $394,244,000 after acquiring an additional 49,102 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Carlisle Companies by 3.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate’s stock valued at $418,617,000 after acquiring an additional 34,021 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Carlisle Companies by 692.1% in the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock worth $227,527,000 after purchasing an additional 538,990 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

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.