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

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $472.00.

Several analysts have recently commented on the stock. Robert W. Baird decreased their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Truist Financial assumed coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. Oppenheimer increased their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th.

Carlisle Companies Stock Performance

NYSE CSL opened at $420.03 on Monday. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.41 and a beta of 0.92. The company has a 50 day moving average of $447.26 and a 200-day moving average of $426.41. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. Carlisle Companies has a 1-year low of $297.25 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company earned $4.68 earnings per share. Carlisle Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that Carlisle Companies will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.95%. Carlisle Companies’s payout ratio is presently 14.15%.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Carlisle Companies during the third quarter worth $25,000. ORG Partners LLC bought a new position in shares of Carlisle Companies during the second quarter worth $31,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies during the third quarter worth $32,000. True Wealth Design LLC boosted its position in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of Carlisle Companies during the second quarter worth $39,000. 89.52% of the stock is owned by institutional investors.

About Carlisle Companies

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.