Carlisle Companies (NYSE:CSL) Sets New 12-Month Low – Here’s Why

Carlisle Companies Incorporated (NYSE:CSL) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $309.85 and last traded at $310.3480, with a volume of 62981 shares trading hands. The stock had previously closed at $315.95.

Analysts Set New Price Targets

CSL has been the subject of a number of research analyst reports. Loop Capital lowered Carlisle Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Finally, Truist Financial lowered their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $386.67.

Carlisle Companies Trading Down 1.8%

The stock’s 50-day moving average price is $335.98 and its 200 day moving average price is $369.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The firm has a market capitalization of $12.96 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping the consensus estimate of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.78 EPS. Carlisle Companies has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CSL. Baron Wealth Management LLC raised its position in Carlisle Companies by 4.4% during the 2nd quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 26 shares during the last quarter. Hemington Wealth Management increased its stake in shares of Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after buying an additional 26 shares during the period. Park Avenue Securities LLC increased its stake in shares of Carlisle Companies by 3.8% during the second quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate’s stock valued at $310,000 after buying an additional 30 shares during the period. Crestwood Advisors Group LLC raised its holdings in shares of Carlisle Companies by 2.1% during the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate’s stock valued at $506,000 after acquiring an additional 31 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in Carlisle Companies by 69.6% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 32 shares during the period. 89.52% of the stock is currently owned by hedge funds and other 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.