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

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

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Oppenheimer raised their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Robert W. Baird cut their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock.

Insider Buying and Selling

In other news, VP David W. Smith sold 275 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carlisle Companies

Large investors have recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies in the third quarter worth $25,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies during the 3rd quarter worth $32,000. True Wealth Design LLC boosted its position in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares during the period. ORG Partners LLC purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at approximately $31,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Carlisle Companies in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 0.9 %

Shares of Carlisle Companies stock opened at $419.94 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The firm has a 50-day moving average of $447.26 and a 200-day moving average of $426.29. Carlisle Companies has a 52-week low of $297.25 and a 52-week high of $481.26. The stock has a market cap of $19.03 billion, a PE ratio of 14.86, a PEG ratio of 1.41 and a beta of 0.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data 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). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm earned $4.68 EPS. Carlisle Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Carlisle Companies will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

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.