Carlisle Companies (NYSE:CSL) Earns Market Perform Rating from Analysts at William Blair

William Blair initiated coverage on shares of Carlisle Companies (NYSE:CSL) in a report published on Friday morning, Marketbeat reports. The brokerage issued a market perform rating on the conglomerate’s stock.

Several other equities analysts have also commented on CSL. Truist Financial reduced their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. The Goldman Sachs Group cut their target price on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Vertical Research began coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating on the stock. Oppenheimer lowered their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Stock Performance

NYSE CSL opened at $340.79 on Friday. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a fifty day moving average of $334.78 and a 200-day moving average of $347.81. The company has a market capitalization of $14.24 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.06 and a beta of 0.94. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is presently 24.96%.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after purchasing an additional 28,414 shares during the period. Signaturefd LLC raised its position in Carlisle Companies by 9.9% during the 2nd quarter. Signaturefd LLC now owns 621 shares of the conglomerate’s stock valued at $232,000 after purchasing an additional 56 shares during the last quarter. HB Wealth Management LLC raised its position in Carlisle Companies by 15.0% during the 2nd quarter. HB Wealth Management LLC now owns 2,376 shares of the conglomerate’s stock valued at $887,000 after purchasing an additional 310 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Carlisle Companies by 384.2% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,147 shares of the conglomerate’s stock worth $1,175,000 after buying an additional 2,497 shares during the last quarter. Finally, Ascent Group LLC purchased a new position in shares of Carlisle Companies during the second quarter valued at approximately $261,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

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.