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

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and five 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 $402.4286.

CSL has been the topic of several recent research reports. Robert W. Baird set a $412.00 price objective on Carlisle Companies in a research report on Thursday, July 30th. Truist Financial dropped their price objective 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. DA Davidson started coverage on shares of Carlisle Companies in a research note on Monday, August 24th. They issued a “neutral” rating and a $410.00 target price for the company. Finally, Weiss Ratings upgraded shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th.

Carlisle Companies Trading Down 3.2%

Shares of CSL opened at $335.46 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $432.91. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 1.09 and a beta of 0.84. The firm has a 50 day simple moving average of $358.60 and a 200-day simple moving average of $356.32.

Carlisle Companies (NYSE:CSL) last posted 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 firm 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 was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.27 EPS. Equities analysts forecast that Carlisle Companies will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

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

Hedge Funds Weigh In On Carlisle Companies

Several institutional investors and hedge funds have recently modified their holdings of CSL. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Carlisle Companies during the fourth quarter worth $8,582,000. SEB Asset Management AB acquired a new position in Carlisle Companies in the first quarter valued at $6,783,000. Lazard Asset Management LLC increased its stake in Carlisle Companies by 5.5% in the first quarter. Lazard Asset Management LLC now owns 190,650 shares of the conglomerate’s stock valued at $63,605,000 after purchasing an additional 10,009 shares during the last quarter. Brandywine Global Investment Management LLC lifted its position in Carlisle Companies by 49.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 86,311 shares of the conglomerate’s stock worth $27,607,000 after buying an additional 28,493 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Carlisle Companies during the first quarter worth about $2,183,000. 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.