Carlisle Companies (NYSE:CSL) Given New $405.00 Price Target at Robert W. Baird

Carlisle Companies (NYSE:CSL) had its price objective cut by investment analysts at Robert W. Baird from $425.00 to $405.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the conglomerate’s stock. Robert W. Baird’s price objective points to a potential upside of 17.38% from the stock’s previous close.

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

Carlisle Companies Stock Down 0.1%

Shares of NYSE:CSL opened at $345.03 on Monday. The stock has a market cap of $13.96 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.09 and a beta of 0.85. 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 firm has a fifty day moving average price of $348.34 and a 200 day moving average price of $355.69. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping 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%.Carlisle Companies’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.61 earnings per share. Sell-side analysts predict that Carlisle Companies will post 21.16 EPS for the current year.

Institutional Investors Weigh In On Carlisle Companies

A number of institutional investors have recently modified their holdings of the business. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies in the 4th quarter worth about $27,000. Osterweis Capital Management Inc. bought a new stake in Carlisle Companies during the second quarter worth about $36,000. Signature Equity Partners LLC raised its position in Carlisle Companies by 3,133.3% during the first 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. Allied Private Wealth LLC bought a new position in shares of Carlisle Companies in the second quarter worth about $33,000. Finally, Torren Management LLC acquired a new stake in shares of Carlisle Companies during the fourth quarter valued at about $33,000. Institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

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.