Carlisle Companies Incorporated (NYSE:CSL) Receives $470.00 Consensus PT from Analysts

Shares of Carlisle Companies Incorporated (NYSE:CSL) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $470.00.

Several equities analysts have recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Finally, Robert W. Baird decreased their price target on 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 NYSE CSL opened at $372.75 on Friday. The stock has a market capitalization of $16.90 billion, a PE ratio of 13.19, a P/E/G ratio of 1.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The business has a fifty day moving average price of $417.96 and a two-hundred day moving average price of $421.53. Carlisle Companies has a fifty-two week low of $297.25 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business posted $4.68 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts predict that Carlisle Companies will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 1.07%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company’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 sale, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carlisle Companies

A number of institutional investors have recently made changes to their positions in CSL. TD Asset Management Inc grew its position in shares of Carlisle Companies by 2,073.5% in the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after buying an additional 268,685 shares during the last quarter. FMR LLC lifted its stake in shares of Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after purchasing an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Carlisle Companies by 6,405.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock valued at $80,757,000 after purchasing an additional 176,799 shares during the period. Epoch Investment Partners Inc. acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at about $65,041,000. Finally, Holocene Advisors LP lifted its stake in shares of Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock valued at $79,594,000 after purchasing an additional 106,539 shares during the period. Institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

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.