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

Shares of Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $461.67.

A number of analysts recently weighed in on CSL shares. Robert W. Baird increased their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. assumed 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. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Truist Financial dropped their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at about $208,095,000. Wells Fargo & Company MN lifted its holdings in shares of Carlisle Companies by 692.1% in the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after purchasing an additional 538,990 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Carlisle Companies by 38,164.5% in the first 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 in the last quarter. Inlight Wealth Management LLC bought a new stake in Carlisle Companies during the fourth quarter worth $118,038,000. Finally, Cooke & Bieler LP bought a new stake in Carlisle Companies during the first quarter worth $74,095,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

Shares of CSL stock traded up $0.02 on Tuesday, reaching $429.56. 13,345 shares of the company were exchanged, compared to its average volume of 450,752. Carlisle Companies has a 1 year low of $311.41 and a 1 year high of $481.26. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.27 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The business has a 50-day moving average price of $388.10 and a 200 day moving average price of $369.93.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.72 EPS. Equities research analysts forecast that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's payout ratio is presently 14.89%.

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.