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

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received an average rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $394.50.

CSL has been the subject of a number of recent research reports. Weiss Ratings raised Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. DA Davidson set a $355.00 price objective on shares of Carlisle Companies in a report on Friday, October 9th. Truist Financial lowered their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Finally, Robert W. Baird cut their price objective on shares of Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th.

Institutional Investors Weigh In On Carlisle Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Carlisle Companies during the 2nd quarter worth about $1,499,602,000. Bank of New York Mellon Corp grew its holdings in shares of Carlisle Companies by 26.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock valued at $397,561,000 after acquiring an additional 251,614 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Carlisle Companies by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock valued at $207,078,000 after acquiring an additional 17,847 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 valued at $190,508,000 after acquiring an additional 97,326 shares in the last quarter. Finally, First Manhattan CO. LLC. acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at about $140,256,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 0.5%

NYSE:CSL opened at $333.85 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The company has a market cap of $13.26 billion, a PE ratio of 19.15, a PEG ratio of 1.05 and a beta of 0.84. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $432.91. The stock has a 50-day simple moving average of $341.04 and a 200 day simple moving average of $346.75.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%. Carlisle Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.27 EPS. On average, sell-side analysts expect that Carlisle Companies will post 21.18 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, August 19th. Carlisle Companies’s payout ratio is 28.69%.

Carlisle Companies Company Profile

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.