Carlisle Companies Incorporated (NYSE:CSL) Receives $405.00 Consensus PT from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has been assigned a consensus rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $405.00.

CSL has been the subject of a number of research reports. Robert W. Baird lifted their target price on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. lifted their target price on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $334.18 on Monday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The company has a market cap of $13.52 billion, a PE ratio of 19.65, a P/E/G ratio of 1.05 and a beta of 0.88. The business has a 50-day simple moving average of $344.71 and a two-hundred day simple moving average of $347.27. Carlisle Companies has a fifty-two week low of $293.43 and a fifty-two week high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company earned $3.61 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities analysts expect that Carlisle Companies will post 21.16 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies during the fourth quarter valued at approximately $27,000. Osterweis Capital Management Inc. purchased a new position in Carlisle Companies during the second quarter valued at approximately $36,000. Signature Equity Partners LLC raised its position in Carlisle Companies by 3,133.3% during the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 94 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $33,000. Finally, SBI Securities Co. Ltd. increased its position in shares of Carlisle Companies by 43.0% in the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after buying an additional 34 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Company Profile

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.