Carlisle Companies Incorporated (NYSE:CSL) Stock Has Average Target Price of $394.50 According to Analysts

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received an average rating of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $394.50.

CSL has been the topic of several recent analyst reports. Weiss Ratings raised Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Robert W. Baird reduced their price objective on Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating for the company in a research report on Tuesday, October 13th. Truist Financial cut their price objective 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 set a $355.00 price target on shares of Carlisle Companies in a report on Friday, October 9th.

Carlisle Companies Trading Up 0.1%

Carlisle Companies stock opened at $340.12 on Thursday. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The firm’s 50 day moving average price is $338.09 and its two-hundred day moving average price is $346.97. Carlisle Companies has a 1 year low of $293.43 and a 1 year high of $432.91.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) 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 company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm earned $6.27 earnings per share. Carlisle Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, research analysts predict that Carlisle Companies will post 21.18 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 given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is presently 28.69%.

Hedge Funds Weigh In On Carlisle Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shayne & Jacobs LLC increased its holdings in Carlisle Companies by 32.8% in the 3rd quarter. Shayne & Jacobs LLC now owns 8,525 shares of the conglomerate’s stock valued at $2,746,000 after buying an additional 2,105 shares during the period. Vest Financial LLC grew its holdings in shares of Carlisle Companies by 3.5% in the 3rd quarter. Vest Financial LLC now owns 11,275 shares of the conglomerate’s stock worth $3,632,000 after purchasing an additional 380 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Carlisle Companies by 6.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,311 shares of the conglomerate’s stock worth $745,000 after purchasing an additional 140 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Carlisle Companies by 2.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,769 shares of the conglomerate’s stock valued at $1,239,000 after purchasing an additional 87 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Carlisle Companies by 9.8% in the third quarter. IFP Advisors Inc now owns 495 shares of the conglomerate’s stock valued at $159,000 after acquiring an additional 44 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.