Brokerages Set Carlisle Companies Incorporated (NYSE:CSL) Price Target at $386.67

Shares of Carlisle Companies Incorporated (NYSE:CSL) have earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $386.6667.

CSL has been the topic of several research analyst reports. Oppenheimer cut their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Robert W. Baird cut their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. JPMorgan Chase & Co. decreased their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Vertical Research assumed coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group reduced their target price on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSL. Elevation Point Wealth Partners LLC bought a new stake in Carlisle Companies in the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Carlisle Companies in the second quarter worth about $25,000. GFG Capital LLC bought a new stake in shares of Carlisle Companies in the second quarter valued at approximately $25,000. Hemington Wealth Management lifted its stake in shares of Carlisle Companies by 61.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after buying an additional 26 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Carlisle Companies by 527.3% in 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. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 0.7%

Shares of CSL stock opened at $328.48 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.15 and a beta of 0.96. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a 50-day simple moving average of $322.78 and a two-hundred day simple moving average of $356.12.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.14. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.78 EPS. Research analysts anticipate that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Carlisle Companies’s dividend payout ratio is 24.96%.

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.