Carlisle Companies Incorporated (NYSE:CSL) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Carlisle Companies has a consensus “Hold” rating from 11 brokerages: six rate the stock a hold and five recommend buying it. The average 12-month price target is $402.43.
• The company exceeded quarterly expectations, reporting earnings of $7.03 per share versus the $6.35 consensus and revenue of $1.57 billion versus $1.48 billion expected; revenue rose 8.3% year over year.
• Carlisle increased its quarterly dividend to $1.25 per share, equivalent to $5.00 annually and a 1.6% yield. Institutional investors own approximately 89.5% of the stock.

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $402.4286.

Several brokerages have recently weighed in on CSL. Weiss Ratings cut shares of Carlisle Companies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, September 10th. DA Davidson started coverage on shares of Carlisle Companies in a report on Monday, August 24th. They set a "neutral" rating and a $410.00 price objective on the stock. Robert W. Baird set a $412.00 target price on Carlisle Companies in a report on Thursday, July 30th. Finally, Truist Financial lowered their target price on Carlisle Companies from $360.00 to $340.00 and set a "hold" rating for the company in a report on Tuesday, July 7th.

Carlisle Companies Price Performance

CSL opened at $314.29 on Friday. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.99 and a beta of 0.84. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. Carlisle Companies has a 12-month low of $293.43 and a 12-month high of $432.91. The business's fifty day simple moving average is $351.38 and its 200-day simple moving average is $350.22.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping analysts' consensus estimates of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.27 earnings per share. On average, equities research analysts anticipate that Carlisle Companies will post 21.27 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a $1.25 dividend. This is a boost from Carlisle Companies's previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, August 19th. Carlisle Companies's dividend payout ratio is presently 28.69%.

Institutional Trading of Carlisle Companies

Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Carlisle Companies during the second quarter valued at approximately $1,499,602,000. Bank of New York Mellon Corp acquired a new stake in Carlisle Companies in the second quarter valued at approximately $405,245,000. Sands Capital Management LLC increased its position in shares of Carlisle Companies by 13.9% during the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate's stock worth $309,509,000 after purchasing an additional 118,139 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Carlisle Companies by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate's stock valued at $207,078,000 after purchasing an additional 17,847 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Carlisle Companies by 22.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate's stock worth $190,508,000 after purchasing an additional 97,326 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and construction materials. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company provides products designed to improve the performance, energy efficiency and durability of commercial and residential buildings.

Its product portfolio includes commercial roofing systems, insulation, waterproofing and air-barrier solutions, architectural metal products, and related building-envelope components.

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