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Carlisle Companies Incorporated (NYSE:CSL) Receives Average Rating of "Moderate Buy" From Analysts

Defense World · Sep 15, 2022 02:51

Shares of Carlisle Companies Incorporated (NYSE:CSL – Get Rating) have received an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $316.00.

CSL has been the topic of a number of research analyst reports. Oppenheimer upped their target price on shares of Carlisle Companies from $335.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, August 31st. Robert W. Baird increased their price objective on shares of Carlisle Companies from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Thursday, June 23rd.

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Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 7,272 shares of the firm's stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $315.01, for a total value of $2,290,752.72. Following the completion of the transaction, the chief executive officer now owns 119,582 shares of the company's stock, valued at $37,669,525.82. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO D Christian Koch sold 7,272 shares of the firm's stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $315.01, for a total transaction of $2,290,752.72. Following the completion of the transaction, the chief executive officer now owns 119,582 shares of the company's stock, valued at $37,669,525.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas J. Shears sold 10,617 shares of the firm's stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $312.44, for a total transaction of $3,317,175.48. Following the transaction, the insider now directly owns 15,496 shares of the company's stock, valued at approximately $4,841,570.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,456 shares of company stock valued at $18,458,337. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in Carlisle Companies by 6,250.0% in the second quarter. First Horizon Advisors Inc. now owns 127 shares of the conglomerate's stock valued at $30,000 after buying an additional 125 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at about $31,000. Signaturefd LLC grew its position in shares of Carlisle Companies by 103.1% in the first quarter. Signaturefd LLC now owns 132 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 67 shares during the period. DeDora Capital Inc. acquired a new stake in shares of Carlisle Companies in the first quarter valued at about $41,000. Finally, San Luis Wealth Advisors LLC acquired a new stake in shares of Carlisle Companies in the first quarter valued at about $41,000. Hedge funds and other institutional investors own 88.32% of the company's stock.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $302.70 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.01 and a quick ratio of 1.39. Carlisle Companies has a 1-year low of $195.04 and a 1-year high of $318.71. The firm has a market capitalization of $15.66 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.05. The company's 50-day moving average is $289.94 and its 200 day moving average is $261.43.

Carlisle Companies (NYSE:CSL – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The conglomerate reported $6.15 earnings per share for the quarter, topping analysts' consensus estimates of $4.99 by $1.16. Carlisle Companies had a net margin of 12.68% and a return on equity of 32.22%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company posted $2.16 EPS. The firm's revenue for the quarter was up 57.0% on a year-over-year basis. Research analysts forecast that Carlisle Companies will post 20.24 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from Carlisle Companies's previous quarterly dividend of $0.54. Carlisle Companies's dividend payout ratio (DPR) is currently 20.73%.

Carlisle Companies Company Profile

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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 three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.