Truist Financial Begins Coverage on Carlisle Companies (NYSE:CSL)

Equities research analysts at Truist Financial began coverage on shares of Carlisle Companies (NYSE:CSL) in a research report issued on Thursday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $460.00 price target on the conglomerate’s stock. Truist Financial’s target price would indicate a potential upside of 1.12% from the company’s previous close.

Several other brokerages also recently commented on CSL. Robert W. Baird lowered their target price 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 increased their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $472.00.

Carlisle Companies Trading Up 0.4 %

CSL opened at $454.89 on Thursday. The firm has a 50 day simple moving average of $440.64 and a 200 day simple moving average of $421.72. Carlisle Companies has a fifty-two week low of $269.58 and a fifty-two week high of $481.26. The company has a market cap of $20.62 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.48 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $4.68 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Carlisle Companies will post 20.36 earnings per share for the current year.

Institutional Investors Weigh In On Carlisle Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Resonant Capital Advisors LLC increased its holdings in Carlisle Companies by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock worth $332,000 after buying an additional 24 shares during the last quarter. Tributary Capital Management LLC raised its holdings in shares of Carlisle Companies by 1.1% in the 3rd quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock valued at $1,023,000 after purchasing an additional 24 shares during the period. Diversify Advisory Services LLC lifted its stake in Carlisle Companies by 1.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock valued at $719,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. grew its holdings in Carlisle Companies by 0.3% during the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock worth $3,874,000 after purchasing an additional 25 shares during the period. Finally, Metis Global Partners LLC increased its position in Carlisle Companies by 5.2% during the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock worth $273,000 after buying an additional 30 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

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.