Carlisle Companies Incorporated (NYSE:CSL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Carlisle Companies Incorporated (NYSE:CSL) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $454.00.

CSL has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Wall Street Zen upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Finally, Truist Financial reduced their price objective on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, April 24th.

Institutional Investors Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSL. GeoWealth Management LLC increased its stake in shares of Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after acquiring an additional 29 shares during the last quarter. Crestwood Advisors Group LLC increased its stake in shares of Carlisle Companies by 2.1% in the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate’s stock worth $506,000 after acquiring an additional 31 shares during the last quarter. MAI Capital Management increased its stake in shares of Carlisle Companies by 37.8% in the first quarter. MAI Capital Management now owns 124 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 34 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Carlisle Companies by 1.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,783 shares of the conglomerate’s stock worth $948,000 after acquiring an additional 35 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Carlisle Companies by 2.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock worth $535,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $378.27 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average of $371.53 and a two-hundred day moving average of $374.83. Carlisle Companies has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a market cap of $16.36 billion, a P/E ratio of 13.69, a PEG ratio of 1.03 and a beta of 1.06.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $3.72 earnings per share. Carlisle Companies’s quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts anticipate that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 1.06%. Carlisle Companies’s payout ratio is 14.89%.

Carlisle Companies Company Profile

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.