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

Shares of Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $454.00.

CSL has been the subject of a number of recent research reports. Truist Financial decreased their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. StockNews.com upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Robert W. Baird boosted their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Finally, Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th.

Carlisle Companies Stock Performance

Carlisle Companies stock traded down $0.67 during mid-day trading on Thursday, reaching $390.52. 298,388 shares of the company's stock were exchanged, compared to its average volume of 393,793. The firm has a market capitalization of $16.89 billion, a PE ratio of 14.13, a P/E/G ratio of 1.03 and a beta of 1.07. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The business's fifty day simple moving average is $351.12 and its 200 day simple moving average is $381.81. Carlisle Companies has a one year low of $311.41 and a one year high of $481.26.

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 for the quarter, topping analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm earned $3.72 EPS. The firm's quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts expect that Carlisle Companies will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.02%. Carlisle Companies's dividend payout ratio (DPR) is currently 14.89%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CSL. Moody National Bank Trust Division bought a new position in Carlisle Companies in the 4th quarter worth about $872,000. Nordea Investment Management AB increased its position in shares of Carlisle Companies by 3.9% in the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock worth $1,440,000 after purchasing an additional 145 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock valued at $7,695,000 after purchasing an additional 1,102 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Carlisle Companies by 2.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock valued at $535,000 after purchasing an additional 38 shares during the last quarter. Finally, Mediolanum International Funds Ltd grew its stake in Carlisle Companies by 4.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 27,825 shares of the conglomerate's stock worth $10,233,000 after buying an additional 1,119 shares in the last quarter. 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.