Carlisle Companies Incorporated (NYSE:CSL) Given Consensus Rating of “Hold” by Analysts

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

Several research analysts recently weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Vertical Research assumed coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating on the stock in a research report on Monday, October 13th. Zacks Research cut shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, Truist Financial reduced their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th.

Carlisle Companies Price Performance

NYSE CSL opened at $325.57 on Thursday. The company has a market cap of $13.92 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. Carlisle Companies has a 52 week low of $311.41 and a 52 week high of $472.66. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The firm’s 50-day simple moving average is $346.50 and its two-hundred day simple moving average is $371.79.

Carlisle Companies (NYSE:CSL) last posted 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. Carlisle Companies’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.78 EPS. Carlisle Companies has set its FY 2025 guidance at EPS. Research analysts predict that Carlisle Companies will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, November 14th. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.96%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CSL. Bank of New York Mellon Corp grew its position in Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after acquiring an additional 558,710 shares during the last quarter. Sands Capital Management LLC bought a new position in Carlisle Companies during the second quarter valued at approximately $159,203,000. JPMorgan Chase & Co. grew its position in Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after acquiring an additional 358,241 shares during the last quarter. Norges Bank purchased a new stake in shares of Carlisle Companies during the second quarter valued at approximately $128,856,000. Finally, Cooke & Bieler LP purchased a new stake in Carlisle Companies in the first quarter worth $74,095,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.