Carlisle Companies Incorporated (NYSE:CSL) Receives Average Rating of "Hold" from Brokerages

Key Points

• Carlisle Companies Incorporated has received an average rating of "Hold" from analysts, with one sell, four hold, and four buy recommendations.
• The company recently increased its quarterly dividend from $1.00 to $1.10, representing a yield of 1.3%.
• Carlisle Companies reported earnings of $6.27 per share in its latest quarter, missing expectations by $0.40, with a slight decline in revenue compared to the previous year.

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) has been given an average recommendation of "Hold" by the nine analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $429.1667.

Several brokerages have issued reports on CSL. Zacks Research lowered shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Carlisle Companies in a research report on Saturday, September 27th. Truist Financial cut their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a research report on Monday, September 22nd. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and reduced their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. dropped their price target on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th.

Institutional Investors Weigh In On Carlisle Companies

Hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock valued at $3,902,000 after purchasing an additional 2,976 shares during the last quarter. Spire Wealth Management boosted its position in Carlisle Companies by 2.8% during the first quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after buying an additional 54 shares during the period. CX Institutional bought a new position in shares of Carlisle Companies during the first quarter valued at about $49,000. GAMMA Investing LLC increased its holdings in shares of Carlisle Companies by 12.4% in the first quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock worth $507,000 after buying an additional 164 shares during the period. Finally, Strs Ohio bought a new stake in shares of Carlisle Companies in the 1st quarter valued at about $17,025,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $328.25 on Friday. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.06 and a beta of 1.00. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The business has a 50-day simple moving average of $368.43 and a 200 day simple moving average of $373.05. Carlisle Companies has a 52 week low of $311.41 and a 52 week high of $481.26.

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

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a $1.10 dividend. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Carlisle Companies's payout ratio is currently 24.58%.

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.

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