Carlisle Companies Incorporated (NYSE:CSL) Receives $201.80 Average Target Price from Analysts

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $201.80.

A number of equities research analysts recently commented on CSL shares. BMO Capital Markets restated a “buy” rating on shares of Carlisle Companies in a research report on Monday, June 28th. Longbow Research restated a “neutral” rating on shares of Carlisle Companies in a research report on Monday, April 19th. Loop Capital raised their price objective on shares of Carlisle Companies from $184.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 26th. Northcoast Research upgraded shares of Carlisle Companies from a “neutral” rating to a “buy” rating and set a $230.00 price objective for the company in a research report on Wednesday, June 30th. Finally, Zacks Investment Research downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating and set a $199.00 price objective for the company. in a research report on Monday, June 28th.

In other Carlisle Companies news, CFO Robert M. Roche sold 12,680 shares of Carlisle Companies stock in a transaction that occurred on Wednesday, May 26th. The shares were sold at an average price of $192.13, for a total value of $2,436,208.40. Following the completion of the sale, the chief financial officer now directly owns 25,487 shares of the company’s stock, valued at approximately $4,896,817.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.68% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. TCW Group Inc. grew its stake in shares of Carlisle Companies by 134.8% during the 1st quarter. TCW Group Inc. now owns 28,197 shares of the conglomerate’s stock valued at $4,641,000 after buying an additional 16,188 shares during the period. Northern Trust Corp lifted its holdings in Carlisle Companies by 7.0% in the 1st quarter. Northern Trust Corp now owns 466,005 shares of the conglomerate’s stock worth $76,695,000 after buying an additional 30,626 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Carlisle Companies in the 1st quarter worth $20,605,000. Wealthcare Advisory Partners LLC acquired a new position in Carlisle Companies in the 1st quarter worth $160,000. Finally, HighTower Advisors LLC lifted its holdings in Carlisle Companies by 12.1% in the 1st quarter. HighTower Advisors LLC now owns 37,280 shares of the conglomerate’s stock worth $6,157,000 after buying an additional 4,011 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

Shares of NYSE CSL traded down $1.32 during midday trading on Friday, reaching $196.58. 1,919 shares of the company were exchanged, compared to its average volume of 341,880. The company has a current ratio of 3.25, a quick ratio of 2.45 and a debt-to-equity ratio of 0.86. Carlisle Companies has a 1 year low of $115.54 and a 1 year high of $200.64. The company’s fifty day moving average is $190.66. The company has a market capitalization of $10.26 billion, a PE ratio of 34.65, a P/E/G ratio of 1.51 and a beta of 1.03.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, April 21st. The conglomerate reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.78. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $970.33 million. Carlisle Companies had a return on equity of 14.26% and a net margin of 7.32%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. As a group, equities research analysts predict that Carlisle Companies will post 8.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, May 14th. This represents a $2.10 annualized dividend and a yield of 1.07%. Carlisle Companies’s payout ratio is currently 33.23%.

About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction.

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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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