Carlisle Companies (NYSE:CSL) Price Target Lowered to $340.00 at Truist Financial

Carlisle Companies (NYSE:CSL) had its price objective dropped by research analysts at Truist Financial from $360.00 to $340.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the conglomerate’s stock. Truist Financial’s price objective points to a potential downside of 7.32% from the stock’s previous close.

Several other equities analysts have also weighed in on CSL. JPMorgan Chase & Co. boosted their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Oppenheimer raised their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Finally, Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $402.14.

Carlisle Companies Stock Up 0.0%

Carlisle Companies stock opened at $366.85 on Tuesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The stock has a market capitalization of $14.85 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. The business has a 50 day simple moving average of $351.79 and a 200-day simple moving average of $355.08. Carlisle Companies has a 12 month low of $293.43 and a 12 month high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.61 EPS. On average, analysts anticipate that Carlisle Companies will post 21.16 EPS for the current fiscal year.

Institutional Trading of Carlisle Companies

Institutional investors and hedge funds have recently made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies during the 4th quarter worth approximately $27,000. Signature Equity Partners LLC increased its holdings in Carlisle Companies by 3,133.3% in the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 94 shares in the last quarter. Torren Management LLC purchased a new position in Carlisle Companies in the fourth quarter valued at about $33,000. Osterweis Capital Management Inc. acquired a new position in shares of Carlisle Companies during the second quarter worth about $36,000. Finally, Quarry LP purchased a new stake in shares of Carlisle Companies in the fourth quarter worth about $36,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.