Truist Financial Initiates Coverage on Carlisle Companies (NYSE:CSL)

Truist Financial started coverage on shares of Carlisle Companies (NYSE:CSL - Free Report) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm issued a hold rating and a $460.00 price objective on the conglomerate's stock.

CSL has been the subject of a number of other reports. Oppenheimer increased their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird dropped their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $472.00.

Carlisle Companies Stock Down 0.9 %

Shares of NYSE:CSL traded down $4.25 during trading on Thursday, reaching $450.58. The stock had a trading volume of 186,052 shares, compared to its average volume of 324,751. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $20.42 billion, a P/E ratio of 15.94, a PEG ratio of 1.48 and a beta of 0.91. The firm's 50-day simple moving average is $441.60 and its 200 day simple moving average is $421.92. Carlisle Companies has a one year low of $269.58 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the firm posted $4.68 earnings per share. Carlisle Companies's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts expect that Carlisle Companies will post 20.36 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

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 dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, November 15th. Carlisle Companies's payout ratio is 14.15%.

Institutional Trading of Carlisle Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Edgestream Partners L.P. acquired a new stake in shares of Carlisle Companies during the 3rd quarter worth approximately $5,100,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Carlisle Companies by 6,405.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock worth $80,757,000 after buying an additional 176,799 shares in the last quarter. Appian Way Asset Management LP acquired a new stake in Carlisle Companies during the third quarter valued at $4,672,000. Captrust Financial Advisors increased its holdings in Carlisle Companies by 4.5% in the third quarter. Captrust Financial Advisors now owns 6,111 shares of the conglomerate's stock valued at $2,749,000 after buying an additional 264 shares in the last quarter. Finally, Centric Wealth Management acquired a new position in shares of Carlisle Companies in the third quarter worth about $2,708,000. 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.