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

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $461.67.

Several equities research analysts have recently commented on CSL shares. Truist Financial reduced their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Robert W. Baird raised their target price 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. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. started coverage on shares of Carlisle Companies in a research report on Tuesday. They issued an "overweight" rating and a $500.00 price target for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSL. GeoWealth Management LLC boosted its stake in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after buying an additional 29 shares during the period. Crestwood Advisors Group LLC raised its holdings in shares of Carlisle Companies by 2.1% during the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock worth $506,000 after acquiring an additional 31 shares in the last quarter. MAI Capital Management boosted its position in Carlisle Companies by 37.8% during the first quarter. MAI Capital Management now owns 124 shares of the conglomerate's stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Carlisle Companies by 1.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,783 shares of the conglomerate's stock valued at $948,000 after purchasing an additional 35 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in Carlisle Companies by 2.7% in 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 in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Shares of NYSE:CSL traded down $2.43 during trading hours on Friday, hitting $374.55. 664,884 shares of the company's stock traded hands, compared to its average volume of 395,779. The company's fifty day simple moving average is $378.94 and its two-hundred day simple moving average is $367.70. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. 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 posted its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $3.72 earnings per share. The firm's quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) 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.