Carlisle Companies (NYSE:CSL) Given New $402.00 Price Target at Robert W. Baird

Carlisle Companies (NYSE:CSL) had its price target cut by equities researchers at Robert W. Baird from $412.00 to $402.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Robert W. Baird’s price target points to a potential upside of 25.81% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Truist Financial cut their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. DA Davidson set a $355.00 price target on shares of Carlisle Companies in a research note on Friday. Finally, Weiss Ratings raised shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $394.50.

Carlisle Companies Trading Down 0.3%

NYSE:CSL opened at $319.54 on Tuesday. The company has a market capitalization of $12.69 billion, a PE ratio of 18.33, a P/E/G ratio of 1.01 and a beta of 0.84. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $432.91. The stock’s 50 day moving average price is $345.38 and its 200 day moving average price is $346.91. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.27 earnings per share. On average, research analysts anticipate that Carlisle Companies will post 21.18 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Carlisle Companies in the second quarter valued at approximately $1,499,602,000. Bank of New York Mellon Corp raised its stake in Carlisle Companies by 26.8% during the first quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after purchasing an additional 251,614 shares during the period. Bessemer Group Inc. raised its stake in Carlisle Companies by 3.0% during the first quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock worth $207,078,000 after purchasing an additional 17,847 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Carlisle Companies by 22.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock worth $190,508,000 after purchasing an additional 97,326 shares during the period. Finally, First Manhattan CO. LLC. acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $140,256,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and related technologies. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, architectural metals, and other building-envelope solutions. Its products are used in new construction, renovation, and maintenance projects.

Carlisle also develops products for specialized industrial and aerospace applications.