Carlisle Companies Incorporated (NYSE:CSL) Stock Has Average Target Price of $395.83

Key Points

• Analyst sentiment is mixed: Carlisle has a consensus “Hold” rating from nine analysts—five holds and four buys—with an average 12-month price target of $395.83.
• Quarterly results topped expectations: Carlisle reported EPS of $5.92 versus the $5.89 consensus and revenue of $1.46 billion versus $1.42 billion; revenue increased 8.6% year over year.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.3% yield.

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) has earned a consensus recommendation of "Hold" from the nine analysts that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $395.83.

Several equities analysts have recently issued reports on the company. Robert W. Baird set a $410.00 target price on Carlisle Companies in a research report on Thursday, October 29th. DA Davidson set a $355.00 price target on shares of Carlisle Companies in a research report on Friday, October 9th. Finally, Weiss Ratings lowered shares of Carlisle Companies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday.

Carlisle Companies Stock Down 0.0%

NYSE:CSL opened at $375.63 on Monday. The company has a quick ratio of 1.80, a current ratio of 2.40 and a debt-to-equity ratio of 2.01. Carlisle Companies has a 12-month low of $293.43 and a 12-month high of $432.91. The stock's fifty day simple moving average is $339.30 and its 200-day simple moving average is $353.22. The firm has a market capitalization of $14.52 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.19 and a beta of 0.78.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $5.92 EPS for the quarter, beating analysts' consensus estimates of $5.89 by $0.03. Carlisle Companies had a return on equity of 51.25% and a net margin of 13.78%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company posted $5.61 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Carlisle Companies will post 21.11 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 18th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $5.00 annualized dividend and a yield of 1.3%. Carlisle Companies's dividend payout ratio (DPR) is 28.26%.

Hedge Funds Weigh In On Carlisle Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its holdings in Carlisle Companies by 12.0% during the third quarter. Maryland State Retirement & Pension System now owns 2,362 shares of the conglomerate's stock worth $761,000 after buying an additional 253 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in Carlisle Companies in the third quarter valued at $934,000. Illinois Municipal Retirement Fund lifted its stake in Carlisle Companies by 0.8% in the third quarter. Illinois Municipal Retirement Fund now owns 3,573 shares of the conglomerate's stock valued at $1,151,000 after acquiring an additional 29 shares during the last quarter. Lido Advisors LLC lifted its stake in Carlisle Companies by 17.8% in the third quarter. Lido Advisors LLC now owns 2,744 shares of the conglomerate's stock valued at $884,000 after acquiring an additional 414 shares during the last quarter. Finally, New York Life Investment Management LLC bought a new position in shares of Carlisle Companies in the 3rd quarter valued at about $1,885,000. 89.52% of the stock is owned by institutional investors.

About Carlisle Companies

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally.

Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.

Founded in 1917, Carlisle has evolved from its origins in the tire and rubber business into a building-products company.

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