Carlisle Companies Incorporated (NYSE:CSL) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Carlisle Companies has received a consensus rating of "Moderate Buy" from brokerages, with an average price target of $450.83.
• Institutional investors own 89.52% of Carlisle Companies' stock, with JPMorgan Chase recently increasing its stake by 33.2%.
• The company recently declared a quarterly dividend of $1.10 per share, up from $1.00, representing a 1.2% dividend yield.

Shares of Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $450.8333.

A number of equities analysts recently commented on CSL shares. JPMorgan Chase & Co. started coverage on Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price for the company. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and decreased their target price for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th.

Carlisle Companies Trading Up 3.8%

Shares of NYSE:CSL traded up $14.22 during trading on Wednesday, reaching $392.07. 653,206 shares of the company traded hands, compared to its average volume of 333,423. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.21 and a beta of 1.05. Carlisle Companies has a 52-week low of $311.41 and a 52-week high of $481.26. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The business's fifty day moving average is $392.50 and its 200-day moving average is $372.35.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company posted $6.24 EPS. As a group, analysts forecast that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $1.10 per share. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, August 19th. Carlisle Companies's dividend payout ratio is currently 24.58%.

Hedge Funds Weigh In On Carlisle Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. raised its holdings in Carlisle Companies by 27.1% in the fourth quarter. Baird Financial Group Inc. now owns 2,588 shares of the conglomerate's stock worth $955,000 after purchasing an additional 552 shares in the last quarter. Deutsche Bank AG raised its holdings in Carlisle Companies by 10.1% in the fourth quarter. Deutsche Bank AG now owns 165,631 shares of the conglomerate's stock worth $61,091,000 after purchasing an additional 15,219 shares in the last quarter. Focus Partners Wealth raised its holdings in Carlisle Companies by 133.3% in the fourth quarter. Focus Partners Wealth now owns 1,346 shares of the conglomerate's stock worth $502,000 after purchasing an additional 769 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Carlisle Companies in the fourth quarter worth $4,163,000. Finally, Numerai GP LLC bought a new position in Carlisle Companies in the fourth quarter worth $262,000. Institutional investors own 89.52% of the company's stock.

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.