Carlisle Companies Incorporated (NYSE:CSL) Receives $470.00 Consensus Price Target from Analysts

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $470.00.

A number of brokerages have recently issued reports on CSL. Truist Financial began coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a "hold" rating and a $460.00 target price for the company. Robert W. Baird cut their price objective on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, Oppenheimer restated an "outperform" rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th.

Carlisle Companies Stock Performance

NYSE:CSL traded up $4.78 during midday trading on Friday, reaching $371.13. The stock had a trading volume of 269,268 shares, compared to its average volume of 248,234. The stock has a market cap of $16.82 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.41 and a beta of 0.92. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies has a 12-month low of $297.25 and a 12-month high of $481.26. The firm has a fifty day simple moving average of $422.95 and a two-hundred day simple moving average of $423.22.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.68 EPS. On average, equities analysts expect that Carlisle Companies will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, November 15th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.15%.

Insider Buying and Selling

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

Institutional Trading of Carlisle Companies

A number of large investors have recently made changes to their positions in the stock. Resonant Capital Advisors LLC raised its holdings in Carlisle Companies by 3.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate's stock valued at $332,000 after acquiring an additional 24 shares during the last quarter. Tributary Capital Management LLC increased its stake in Carlisle Companies by 1.1% in the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate's stock valued at $1,023,000 after purchasing an additional 24 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Carlisle Companies by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate's stock worth $719,000 after buying an additional 25 shares during the period. Equitable Trust Co. boosted its stake in Carlisle Companies by 0.3% in the 3rd quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate's stock worth $3,874,000 after buying an additional 25 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in Carlisle Companies by 5.2% in the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate's stock valued at $273,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

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.