Carlisle Companies Incorporated (NYSE:CSL) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts hold a neutral view: Six of 11 analysts rate Carlisle Companies “Hold” and five rate it “Buy,” with an average 12-month price target of $402.43 versus the stock’s $362.95 opening price.
• Carlisle reported quarterly EPS of $7.03, exceeding the $6.35 consensus estimate, while revenue rose 8.3% year over year to $1.57 billion.
• The company increased its quarterly dividend to $1.25 per share, or $5.00 annualized, representing a 1.4% yield; institutional investors own 89.52% of the stock.

Shares of Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) have received an average rating of "Hold" from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $402.4286.

A number of research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a "hold" rating for the company in a research note on Tuesday, July 7th. Robert W. Baird set a $412.00 price objective on Carlisle Companies in a report on Thursday, July 30th. DA Davidson assumed coverage on Carlisle Companies in a research note on Monday. They issued a "neutral" rating and a $410.00 target price on the stock. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research report on Wednesday, June 24th.

Institutional Investors Weigh In On Carlisle Companies

Hedge funds and other institutional investors have recently modified their holdings of the stock. BOK Financial Private Wealth Inc. purchased a new position in Carlisle Companies in the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp purchased a new stake in shares of Carlisle Companies during the second quarter valued at approximately $33,000. Osterweis Capital Management Inc. purchased a new stake in shares of Carlisle Companies during the second quarter valued at approximately $35,000. Signature Equity Partners LLC boosted its stake in shares of Carlisle Companies by 3,133.3% during the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 94 shares during the period. Finally, Allied Private Wealth LLC bought a new position in shares of Carlisle Companies in the second quarter worth approximately $33,000. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $362.95 on Wednesday. The stock has a fifty day simple moving average of $358.87 and a two-hundred day simple moving average of $358.26. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $432.91. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85. 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 (NYSE:CSL - Get Free Report) last issued its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $6.27 earnings per share. The business's revenue was up 8.3% on a year-over-year basis. Analysts anticipate that Carlisle Companies will post 21.29 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Carlisle Companies's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 19th. Carlisle Companies's payout ratio is 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company's operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source