Carlisle Companies (NYSE:CSL) Research Coverage Started at Truist Financial

Truist Financial assumed coverage on shares of Carlisle Companies (NYSE:CSL) in a research report report published on Thursday, Marketbeat reports. The brokerage issued a hold rating and a $460.00 price objective on the conglomerate’s stock.

A number of other equities research analysts have also commented on CSL. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Robert W. Baird decreased their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Oppenheimer lifted 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $445.34 on Thursday. 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 business’s fifty day moving average price is $442.46 and its two-hundred day moving average price is $422.50. Carlisle Companies has a fifty-two week low of $269.58 and a fifty-two week high of $481.26. The stock has a market capitalization of $20.19 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.49 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last posted 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 the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.68 EPS. As a group, analysts predict that Carlisle Companies will post 20.36 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio is 14.15%.

Institutional Trading of Carlisle Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its position in shares of Carlisle Companies by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock worth $26,631,000 after buying an additional 4,692 shares during the period. Silver Lake Advisory LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter valued at $608,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Carlisle Companies by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock valued at $17,391,000 after purchasing an additional 1,429 shares during the period. Driehaus Capital Management LLC boosted its position in shares of Carlisle Companies by 44.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after purchasing an additional 17,472 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Carlisle Companies by 188.0% during the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock worth $3,235,000 after purchasing an additional 5,389 shares during the period. 89.52% of the stock is owned by institutional investors.

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.