Brokerages Set Carlisle Companies Incorporated (NYSE:CSL) Target Price at $402.14

Carlisle Companies Incorporated (NYSE:CSL) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $402.1429.

A number of research firms have weighed in on CSL. Truist Financial reduced their target price on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Oppenheimer boosted their price target on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Raymond James Financial assumed coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective on the stock.

Carlisle Companies Trading Up 0.1%

NYSE CSL traded up $0.27 on Tuesday, hitting $330.26. 811,575 shares of the stock were exchanged, compared to its average volume of 500,924. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $435.92. The firm has a market capitalization of $13.37 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.04 and a beta of 0.85. The stock has a fifty day moving average price of $350.22 and a two-hundred day moving average price of $355.09.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted $3.61 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Research analysts forecast that Carlisle Companies will post 21.16 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a dividend of $1.10 per share. The ex-dividend date was Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. MML Investors Services LLC lifted its position in shares of Carlisle Companies by 1.1% in the fourth quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock valued at $799,000 after acquiring an additional 27 shares in the last quarter. Raiffeisen Bank International AG raised its stake in Carlisle Companies by 12.8% in the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock valued at $80,000 after purchasing an additional 28 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Carlisle Companies by 1.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock valued at $716,000 after purchasing an additional 29 shares in the last quarter. Boston Common Asset Management LLC boosted its stake in shares of Carlisle Companies by 0.6% during the 1st quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock worth $1,731,000 after purchasing an additional 30 shares during the last quarter. Finally, Next Level Private LLC boosted its stake in shares of Carlisle Companies by 0.3% during the 1st quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock worth $4,092,000 after purchasing an additional 33 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

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.