Analysts Set Carlisle Companies Incorporated (NYSE:CSL) Target Price at $470.00

Carlisle Companies Incorporated (NYSE:CSL) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $470.00.

Several brokerages have commented on CSL. Robert W. Baird dropped their price target 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. Truist Financial began coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Finally, Oppenheimer restated an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $364.85 on Friday. 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 firm’s 50 day moving average is $419.94 and its two-hundred day moving average is $422.21. The firm has a market capitalization of $16.54 billion, a P/E ratio of 12.91, a PEG ratio of 1.41 and a beta of 0.96. Carlisle Companies has a 52 week low of $297.25 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last announced 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 business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.68 EPS. Analysts anticipate that Carlisle Companies will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Carlisle Companies

Several large investors have recently added to or reduced their stakes in CSL. Driehaus Capital Management LLC raised its position in Carlisle Companies by 44.6% during the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock valued at $22,971,000 after buying an additional 17,472 shares during the period. KBC Group NV increased its holdings in shares of Carlisle Companies by 34.9% in the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock valued at $4,788,000 after purchasing an additional 2,752 shares during the period. Quest Partners LLC lifted its position in shares of Carlisle Companies by 624.8% in the third quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock worth $2,090,000 after purchasing an additional 4,005 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after purchasing an additional 102,436 shares during the period. Finally, Meridian Wealth Management LLC purchased a new position in Carlisle Companies during the third quarter valued at approximately $631,000. 89.52% of the stock is owned by institutional investors and hedge funds.

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.