Carlisle Companies (NYSE:CSL) Reaches New 1-Year Low – Here’s What Happened

Carlisle Companies Incorporated (NYSE:CSL) reached a new 52-week low on Thursday . The company traded as low as $293.43 and last traded at $294.9480, with a volume of 434707 shares. The stock had previously closed at $303.76.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CSL. Robert W. Baird cut their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Truist Financial cut their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. The Goldman Sachs Group reduced their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday. Finally, Vertical Research began coverage on Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating for the company. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and an average price target of $386.67.

Carlisle Companies Trading Down 2.9%

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.12 and a beta of 1.00. The business has a fifty day moving average price of $329.27 and a 200 day moving average price of $367.08.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.78 earnings per share. Carlisle Companies has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 14th. Carlisle Companies’s dividend payout ratio is 24.96%.

Institutional Trading of Carlisle Companies

Several large investors have recently added to or reduced their stakes in the stock. GFG Capital LLC acquired a new stake in Carlisle Companies during the 2nd quarter valued at $25,000. Hemington Wealth Management grew its stake in shares of Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 26 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the second quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Carlisle Companies in the second quarter worth about $25,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Carlisle Companies by 527.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

About Carlisle Companies

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.