Carlisle Companies (NYSE:CSL) Now Covered by Analysts at Truist Financial

Equities research analysts at Truist Financial assumed coverage on shares of Carlisle Companies (NYSE:CSL) in a report issued on Thursday, Marketbeat reports. The brokerage set a “hold” rating and a $460.00 price target on the conglomerate’s stock. Truist Financial’s price target indicates a potential upside of 3.32% from the stock’s previous close.

Several other research firms also recently weighed in on CSL. Robert W. Baird decreased their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Oppenheimer raised their price objective on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $472.00.

Carlisle Companies Stock Down 1.0 %

Shares of NYSE:CSL opened at $445.24 on Thursday. Carlisle Companies has a 1 year low of $269.58 and a 1 year high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The business’s 50-day moving average is $442.46 and its 200-day moving average is $422.26. The company has a market capitalization of $20.18 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 1.49 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.68 earnings per share. Equities research analysts predict that Carlisle Companies will post 20.36 earnings per share for the current year.

Institutional Trading of Carlisle Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co increased its stake in Carlisle Companies by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after buying an additional 4,692 shares during the last quarter. Silver Lake Advisory LLC purchased a new stake in shares of Carlisle Companies during the second quarter valued at approximately $608,000. Price T Rowe Associates Inc. MD lifted its holdings in Carlisle Companies by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock worth $17,391,000 after acquiring an additional 1,429 shares during the period. Driehaus Capital Management LLC boosted its position in Carlisle Companies by 44.6% in the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after purchasing an additional 17,472 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Carlisle Companies by 188.0% in the 1st quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock valued at $3,235,000 after purchasing an additional 5,389 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Company Profile

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.