Carlisle Companies Incorporated (NYSE:CSL) Receives $402.43 Consensus Target Price from Brokerages

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been given an average rating of “Hold” by the eleven research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $402.4286.

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $412.00 price target on Carlisle Companies in a research note on Thursday, July 30th. Weiss Ratings lowered Carlisle Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Truist Financial reduced their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Finally, DA Davidson initiated coverage on shares of Carlisle Companies in a research report on Monday, August 24th. They issued a “neutral” rating and a $410.00 target price on the stock.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $1,499,602,000. Bank of New York Mellon Corp bought a new position in Carlisle Companies during the 2nd quarter valued at approximately $405,245,000. Sands Capital Management LLC increased its position in Carlisle Companies by 13.9% during the 4th quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock valued at $309,509,000 after buying an additional 118,139 shares in the last quarter. Bessemer Group Inc. raised its stake in Carlisle Companies by 3.0% during the first quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock valued at $207,078,000 after buying an additional 17,847 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Carlisle Companies by 22.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock valued at $190,508,000 after buying an additional 97,326 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

NYSE:CSL opened at $328.87 on Friday. The stock has a market capitalization of $13.06 billion, a PE ratio of 18.87, a P/E/G ratio of 1.00 and a beta of 0.84. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $432.91. The firm has a fifty day simple moving average of $350.89 and a 200 day simple moving average of $348.99. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $6.27 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, research analysts expect that Carlisle Companies will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.5%. Carlisle Companies’s payout ratio is presently 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and construction materials. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company provides products designed to improve the performance, energy efficiency and durability of commercial and residential buildings.

Its product portfolio includes commercial roofing systems, insulation, waterproofing and air-barrier solutions, architectural metal products, and related building-envelope components.