Robert W. Baird Lowers Carlisle Companies (NYSE:CSL) Price Target to $405.00

Carlisle Companies (NYSE:CSL) had its price target dropped by equities research analysts at Robert W. Baird from $425.00 to $405.00 in a report issued on Monday, MarketBeat.com reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Robert W. Baird’s price objective would suggest a potential upside of 25.42% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Truist Financial reduced their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Oppenheimer increased their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Raymond James Financial started coverage on Carlisle Companies in a report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $399.29.

Carlisle Companies Trading Down 1.3%

Shares of CSL stock opened at $322.90 on Monday. The firm has a 50 day moving average price of $347.18 and a two-hundred day moving average price of $355.73. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $13.07 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.03 and a beta of 0.85. Carlisle Companies has a 12-month low of $293.43 and a 12-month high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $3.61 earnings per share. As a group, analysts predict that Carlisle Companies will post 21.16 earnings per share for the current year.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors and hedge funds have recently bought and sold shares of CSL. First Manhattan CO. LLC. acquired a new stake in shares of Carlisle Companies during the fourth quarter valued at about $140,256,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Carlisle Companies by 10,568.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389,198 shares of the conglomerate’s stock valued at $124,489,000 after buying an additional 385,550 shares during the period. Generation Investment Management LLP acquired a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $109,217,000. Norges Bank bought a new position in Carlisle Companies in the 4th quarter valued at approximately $87,543,000. Finally, Bank of New York Mellon Corp raised its holdings in Carlisle Companies by 26.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock valued at $397,561,000 after buying an additional 251,614 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.