Carlisle Companies Incorporated (NYSE:CSL) Given Consensus Rating of "Moderate Buy" by Analysts

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) has received an average rating of "Moderate Buy" from the five analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $472.00.

A number of research analysts have issued reports on CSL shares. Oppenheimer boosted their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. StockNews.com cut Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Truist Financial started coverage on Carlisle Companies in a research report on Thursday. They issued a "hold" rating and a $460.00 price objective for the company. Finally, 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.

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently modified their holdings of CSL. SG Americas Securities LLC increased its position in shares of Carlisle Companies by 47.9% during the 1st quarter. SG Americas Securities LLC now owns 3,725 shares of the conglomerate's stock worth $1,460,000 after purchasing an additional 1,206 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Carlisle Companies by 57.5% during the 1st quarter. Russell Investments Group Ltd. now owns 44,757 shares of the conglomerate's stock valued at $17,538,000 after acquiring an additional 16,339 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Carlisle Companies by 8.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 52,724 shares of the conglomerate's stock valued at $20,660,000 after acquiring an additional 4,057 shares during the period. Foundry Partners LLC purchased a new position in Carlisle Companies during the 1st quarter valued at about $213,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Carlisle Companies by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,818 shares of the conglomerate's stock valued at $10,509,000 after acquiring an additional 4,131 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 0.9 %

NYSE CSL traded down $4.25 during trading on Thursday, hitting $450.58. The company's stock had a trading volume of 186,052 shares, compared to its average volume of 324,750. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The company has a market cap of $20.42 billion, a PE ratio of 16.10, a P/E/G ratio of 1.48 and a beta of 0.91. The business's 50 day simple moving average is $440.64 and its 200-day simple moving average is $421.72. Carlisle Companies has a fifty-two week low of $269.58 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm earned $4.68 EPS. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Companies will post 20.36 EPS 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. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies's payout ratio is 14.15%.

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.