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

Key Points

• Carlisle Companies Incorporated has been assigned a "Moderate Buy" rating by analysts, with three analysts recommending a hold and four recommending a buy for the stock.
• The company recently reported a quarterly earnings miss, with EPS of $6.27 falling short of the $6.67 estimate, and a revenue of $1.45 billion compared to the expected $1.50 billion.
• Carlisle Companies has announced an increase in their quarterly dividend from $1.00 to $1.10 per share, which reflects a 1.2% yield based on the new quarterly distribution.

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $450.8333.

Several research analysts have commented on CSL shares. Wall Street Zen upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Robert W. Baird upped their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Truist Financial decreased their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $430.00 to $395.00 in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. began coverage on shares of Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company.

Carlisle Companies Trading Down 2.3%

NYSE:CSL opened at $382.14 on Friday. The company has a fifty day moving average of $386.26 and a 200 day moving average of $369.19. Carlisle Companies has a 52 week low of $311.41 and a 52 week high of $481.26. 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 firm has a market capitalization of $16.34 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.23 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $6.24 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 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be given a dividend of $1.10 per share. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.40 annualized dividend and a yield of 1.2%. Carlisle Companies's payout ratio is currently 22.35%.

Institutional Trading of Carlisle Companies

Several institutional investors have recently bought and sold shares of CSL. GAMMA Investing LLC grew its position in Carlisle Companies by 38,164.5% during the 1st quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after purchasing an additional 505,680 shares during the last quarter. Sands Capital Management LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $159,203,000. JPMorgan Chase & Co. grew its position in Carlisle Companies by 33.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate's stock valued at $536,842,000 after purchasing an additional 358,241 shares during the last quarter. Norges Bank purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $128,856,000. Finally, Cooke & Bieler LP purchased a new stake in Carlisle Companies during the 1st quarter valued at about $74,095,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.