Carlisle Companies Incorporated (NYSE:CSL) Receives Average Recommendation of “Buy” from Brokerages

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received an average recommendation of “Buy” from the four brokerages that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $468.75.

Several equities research analysts recently commented on CSL shares. Robert W. Baird raised their target price on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, July 15th. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $480.00 price objective (up previously from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th.

Carlisle Companies Trading Up 0.1 %

NYSE CSL opened at $444.59 on Monday. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. Carlisle Companies has a one year low of $235.79 and a one year high of $450.70. The company’s 50 day moving average price is $412.02 and its 200 day moving average price is $406.11.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the firm posted $5.18 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts predict that Carlisle Companies will post 20.57 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a dividend yield of 0.90%. Carlisle Companies’s payout ratio is currently 23.19%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David W. Smith sold 600 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in Carlisle Companies during the second quarter worth about $840,000. Truist Financial Corp boosted its position in shares of Carlisle Companies by 0.8% during the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock valued at $135,438,000 after purchasing an additional 2,545 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Carlisle Companies by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,620 shares of the conglomerate’s stock worth $1,467,000 after purchasing an additional 407 shares during the last quarter. Silver Lake Advisory LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $608,000. Finally, Creative Planning lifted its stake in Carlisle Companies by 11.0% during the second quarter. Creative Planning now owns 6,010 shares of the conglomerate’s stock valued at $2,435,000 after purchasing an additional 594 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

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.