Analysts Set Carlisle Companies Incorporated (NYSE:CSL) Price Target at $472.00

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been given an average rating of “Moderate Buy” by the five research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $472.00.

A number of brokerages recently commented on CSL. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Robert W. Baird lowered their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Truist Financial began coverage on Carlisle Companies in a research report on Thursday. They set a “hold” rating and a $460.00 price objective for the company. Finally, Oppenheimer increased their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Asset Management Inc lifted its holdings in shares of Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after purchasing an additional 268,685 shares in the last quarter. FMR LLC grew its stake in shares of Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Carlisle Companies by 6,405.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock valued at $80,757,000 after purchasing an additional 176,799 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in Carlisle Companies during the second quarter valued at approximately $65,041,000. Finally, Holocene Advisors LP boosted its holdings in Carlisle Companies by 151.3% in the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock worth $79,594,000 after purchasing an additional 106,539 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $445.34 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The stock has a market cap of $20.19 billion, a PE ratio of 15.76, a PEG ratio of 1.49 and a beta of 0.91. The company’s fifty day moving average is $442.46 and its 200 day moving average is $422.50. Carlisle Companies has a 52 week low of $269.58 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.68 earnings per share. Research analysts anticipate that Carlisle Companies will post 20.36 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

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.