Carlisle Companies (NYSE:CSL) Rating Increased to Hold at DA Davidson

Carlisle Companies (NYSE:CSL) was upgraded by equities researchers at DA Davidson to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

CSL has been the subject of a number of other reports. Robert W. Baird set a $412.00 price target on shares of Carlisle Companies in a research note on Thursday, July 30th. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Finally, Truist Financial dropped their target price on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Hold” and an average price target of $402.43.

Carlisle Companies Trading Up 0.1%

Shares of NYSE:CSL opened at $362.95 on Monday. The stock has a 50 day moving average of $358.87 and a 200 day moving average of $358.26. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The company has a market cap of $14.41 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85. Carlisle Companies has a 12-month low of $293.43 and a 12-month high of $432.91.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. Carlisle Companies’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.27 EPS. As a group, equities research analysts expect that Carlisle Companies will post 21.29 EPS for the current year.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in Carlisle Companies by 29,027.9% in the 2nd quarter. California State Teachers Retirement System now owns 20,404,688 shares of the conglomerate’s stock valued at $7,401,801,000 after buying an additional 20,334,636 shares during the period. BlackRock Inc. purchased a new position in shares of Carlisle Companies during the second quarter worth approximately $1,499,602,000. Bank of New York Mellon Corp purchased a new position in shares of Carlisle Companies during the second quarter worth approximately $405,245,000. First Manhattan CO. LLC. bought a new stake in shares of Carlisle Companies during the fourth quarter valued at approximately $140,256,000. Finally, Madison Asset Management LLC bought a new stake in shares of Carlisle Companies during the second quarter valued at approximately $152,865,000. Institutional investors 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.