Shares of Carlisle Companies Incorporated (NYSE:CSL – Get Free Report) have received a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $405.00.
A number of research firms have recently weighed in on CSL. Truist Financial increased their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Robert W. Baird increased their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Oppenheimer increased their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Finally, Raymond James Financial began coverage on Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective for the company.
Read Our Latest Stock Report on CSL
Institutional Trading of Carlisle Companies
Carlisle Companies Stock Up 0.9%
Shares of NYSE CSL opened at $356.77 on Friday. Carlisle Companies has a one year low of $293.43 and a one year high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The firm’s 50 day simple moving average is $347.43 and its two-hundred day simple moving average is $350.89. The stock has a market capitalization of $14.44 billion, a P/E ratio of 20.97, a PEG ratio of 1.11 and a beta of 0.86.
Carlisle Companies (NYSE:CSL – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $3.61 earnings per share. As a group, analysts expect that Carlisle Companies will post 21.16 EPS for the current fiscal year.
Carlisle Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio is 25.87%.
About Carlisle Companies
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.
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