Carlisle Companies Incorporated (NYSE:CSL) Receives $392.50 Consensus Target Price from Analysts
by Mitch Edgeman · The Markets DailyCarlisle Companies Incorporated (NYSE:CSL – Get Free Report) has been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $392.50.
Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Truist Financial decreased their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Vertical Research started coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating on the stock. Oppenheimer cut their target price on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Finally, William Blair started coverage on Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock.
Read Our Latest Stock Analysis on CSL
Carlisle Companies Price Performance
NYSE:CSL opened at $408.96 on Friday. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a market cap of $17.09 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. The stock’s 50-day simple moving average is $350.50 and its 200 day simple moving average is $347.19.
Carlisle Companies (NYSE:CSL – Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $4.47 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts forecast that Carlisle Companies will post 22.31 EPS for the current fiscal year.
Carlisle Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies’s payout ratio is presently 25.72%.
Insiders Place Their Bets
In other Carlisle Companies news, CFO Kevin P. Zdimal sold 24,180 shares of Carlisle Companies stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the transaction, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at $12,279,555.76. The trade was a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO D Christian Koch sold 36,260 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the completion of the transaction, the chief executive officer directly owned 113,238 shares in the company, valued at $46,810,324.44. The trade was a 24.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 68,289 shares of company stock worth $28,125,467. Company insiders own 1.50% of the company’s stock.
Institutional Investors Weigh In On Carlisle Companies
Hedge funds have recently bought and sold shares of the stock. Bridges Investment Management Inc. lifted its holdings in Carlisle Companies by 221.3% during the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after buying an additional 102,014 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Carlisle Companies by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after acquiring an additional 8,701 shares during the period. Impact Partnership Wealth LLC acquired a new position in shares of Carlisle Companies in the third quarter worth approximately $540,000. EFG Asset Management North America Corp. boosted its holdings in Carlisle Companies by 11.3% in the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after acquiring an additional 885 shares during the last quarter. Finally, Sierra Legacy Group acquired a new stake in Carlisle Companies during the 2nd quarter valued at approximately $764,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.
About Carlisle Companies
Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.
Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.
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