Carlisle Companies Incorporated (NYSE:CSL) Receives $454.00 Average Price Target from Brokerages

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $454.00.

Several research firms have recently weighed in on CSL. Truist Financial lowered their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Robert W. Baird upped their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CSL. Janney Montgomery Scott LLC bought a new position in Carlisle Companies in the 4th quarter valued at $2,189,000. Blue Trust Inc. boosted its position in shares of Carlisle Companies by 26.0% in the 4th quarter. Blue Trust Inc. now owns 910 shares of the conglomerate's stock worth $336,000 after purchasing an additional 188 shares during the last quarter. Caprock Group LLC boosted its position in shares of Carlisle Companies by 16.6% in the 4th quarter. Caprock Group LLC now owns 921 shares of the conglomerate's stock worth $340,000 after purchasing an additional 131 shares during the last quarter. Clear Creek Financial Management LLC bought a new position in shares of Carlisle Companies in the 4th quarter worth $228,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Carlisle Companies by 947.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,982 shares of the conglomerate's stock worth $6,264,000 after purchasing an additional 15,361 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Performance

CSL traded down $2.79 on Monday, hitting $379.09. 265,340 shares of the stock traded hands, compared to its average volume of 394,159. 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 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $16.40 billion, a PE ratio of 13.72, a P/E/G ratio of 1.03 and a beta of 1.06. The business has a fifty day moving average price of $370.84 and a two-hundred day moving average price of $376.07.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company posted $3.72 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts predict that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio is 14.89%.

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.