Carlisle Companies Incorporated (NYSE:CSL) Stock Has Average Target Price of $395.83

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $395.83.

Several equities research analysts recently commented on CSL shares. Weiss Ratings lowered shares of Carlisle Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. DA Davidson set a $355.00 price objective on Carlisle Companies in a research note on Friday, October 9th. Finally, Robert W. Baird set a $410.00 price objective on Carlisle Companies in a report on Thursday, October 29th.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $397.54 on Monday. The company has a quick ratio of 1.80, a current ratio of 2.40 and a debt-to-equity ratio of 2.01. Carlisle Companies has a 52 week low of $293.43 and a 52 week high of $432.91. The firm’s 50 day moving average is $342.29 and its two-hundred day moving average is $353.84. The firm has a market capitalization of $15.36 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.25 and a beta of 0.78.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.89 by $0.03. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Carlisle Companies had a net margin of 13.78% and a return on equity of 51.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.61 EPS. Research analysts forecast that Carlisle Companies will post 21.11 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 18th will be given a $1.25 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $5.00 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is 28.26%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Carlisle Companies during the second quarter worth $1,499,602,000. Bank of New York Mellon Corp purchased a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $405,245,000. Boston Partners raised its stake in shares of Carlisle Companies by 48.5% during the 3rd quarter. Boston Partners now owns 653,205 shares of the conglomerate’s stock worth $210,451,000 after buying an additional 213,250 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Carlisle Companies by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock worth $207,078,000 after buying an additional 17,847 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Carlisle Companies by 22.7% in the 2nd 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 period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally. Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.