Brokerages Set Carlisle Companies Incorporated (NYSE:CSL) Price Target at $392.50

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $392.50.

A number of research analysts recently commented on CSL shares. The Goldman Sachs Group lowered their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Truist Financial cut their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Vertical Research started coverage on Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. dropped their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th.

Carlisle Companies Stock Down 0.4%

NYSE:CSL opened at $402.14 on Friday. The business’s fifty day moving average price is $343.04 and its 200 day moving average price is $346.45. The firm has a market capitalization of $16.81 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.28 and a beta of 0.94. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.30. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.47 EPS. On average, sell-side analysts forecast that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies’s dividend payout ratio is currently 25.72%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hemington Wealth Management lifted its stake in shares of Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 26 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after buying an additional 32 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Carlisle Companies by 4.9% in the third quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock worth $223,000 after buying an additional 32 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of Carlisle Companies by 0.3% during the 2nd quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock worth $4,576,000 after acquiring an additional 33 shares in the last quarter. Finally, MAI Capital Management increased its holdings in shares of Carlisle Companies by 26.6% during the 2nd quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock valued at $59,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.