Carlisle Companies Incorporated (NYSE:CSL) Stock Has Consensus Target Price of $394.50

Key Points

• Analyst sentiment is mixed: Carlisle Companies has a consensus “Hold” rating from 10 brokerages, with six holds and four buys. The average 12-month price target is $394.50, above the reported share price of $325.76.
• Recent operating results exceeded expectations: Carlisle reported quarterly EPS of $7.03 versus the $6.35 consensus estimate, while revenue rose 8.3% year over year to $1.57 billion.
• Institutional ownership remains high and the dividend increased: Institutions own 89.52% of CSL, while the quarterly dividend rose to $1.25, representing a $5.00 annualized payout and a 1.5% yield.

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) has been assigned a consensus rating of "Hold" from the ten brokerages that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $394.50.

Several research firms have issued reports on CSL. Weiss Ratings raised Carlisle Companies from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. DA Davidson set a $355.00 target price on Carlisle Companies in a research note on Friday, October 9th. Truist Financial dropped their target price on Carlisle Companies from $360.00 to $340.00 and set a "hold" rating for the company in a research report on Tuesday, July 7th. Finally, Robert W. Baird dropped their target price on Carlisle Companies from $412.00 to $402.00 and set an "outperform" rating for the company in a research report on Tuesday.

Institutional Trading of Carlisle Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSL. BlackRock Inc. acquired a new stake in Carlisle Companies during the 2nd quarter worth approximately $1,499,602,000. Bank of New York Mellon Corp bought a new position in Carlisle Companies in the second quarter valued at approximately $405,245,000. First Manhattan CO. LLC. acquired a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $140,256,000. Madison Asset Management LLC acquired a new position in shares of Carlisle Companies in the second quarter valued at approximately $152,865,000. Finally, Bank of America Corp DE bought a new stake in shares of Carlisle Companies during the second quarter worth $93,493,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of CSL stock opened at $325.76 on Thursday. Carlisle Companies has a 1 year low of $293.43 and a 1 year high of $432.91. The firm's 50 day moving average is $343.04 and its 200-day moving average is $346.78. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.03 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 (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the prior year, the firm earned $6.27 earnings per share. Carlisle Companies's revenue was up 8.3% compared to the same quarter last year. Sell-side analysts forecast that Carlisle Companies will post 21.18 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a $1.25 dividend. This is a positive change from Carlisle Companies's previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, August 19th. Carlisle Companies's dividend payout ratio (DPR) is 28.69%.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and related technologies. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, architectural metals, and other building-envelope solutions. Its products are used in new construction, renovation, and maintenance projects.

Carlisle also develops products for specialized industrial and aerospace applications.

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