Carlisle Companies Incorporated (NYSE:CSL) Given Average Rating of “Hold” by Brokerages

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been given an average rating of “Hold” by the eleven ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $392.50.

CSL has been the subject of several recent research reports. Oppenheimer dropped their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Truist Financial lowered their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Finally, Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research note on Wednesday.

Carlisle Companies Price Performance

Shares of CSL stock opened at $404.16 on Friday. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. Carlisle Companies has a 12 month low of $293.43 and a 12 month high of $435.92. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.25 and a beta of 0.94. The stock has a 50-day moving average price of $341.37 and a 200 day moving average price of $347.70.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.30. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $4.47 EPS. Research analysts expect that Carlisle Companies will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.72%.

Institutional Trading of Carlisle Companies

Several hedge funds have recently added to or reduced their stakes in CSL. Elevation Point Wealth Partners LLC bought a new stake in shares of Carlisle Companies in the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at approximately $25,000. Hemington Wealth Management increased its stake in Carlisle Companies by 61.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 26 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after buying an additional 58 shares during the period. Finally, Traub Capital Management LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.