Carlisle Companies Incorporated (NYSE:CSL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Carlisle Companies Incorporated (NYSE:CSL) have received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $401.1667.

Several analysts have issued reports on the stock. Raymond James Financial initiated coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 price target on the stock. Oppenheimer upped their target price on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Robert W. Baird set a $412.00 price target on Carlisle Companies in a report on Thursday. Truist Financial dropped their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, June 24th.

Carlisle Companies Trading Down 2.8%

Shares of Carlisle Companies stock opened at $359.61 on Friday. The stock has a market cap of $14.55 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.17 and a beta of 0.85. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies has a 12-month low of $293.43 and a 12-month high of $432.91. The business’s 50 day moving average is $348.52 and its 200-day moving average is $356.10.

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 the consensus estimate of $6.35 by $0.68. The business had revenue of $1.57 billion during 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 46.29%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $6.27 earnings per share. Equities research analysts predict that Carlisle Companies will post 21.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carlisle Companies

Large investors have recently added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies during the 4th quarter valued at $27,000. Osterweis Capital Management Inc. acquired a new position in shares of Carlisle Companies in the second quarter valued at $36,000. Signature Equity Partners LLC increased its holdings in shares of Carlisle Companies by 3,133.3% in 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 during the last quarter. Allied Private Wealth LLC bought a new position in shares of Carlisle Companies in the second quarter valued at about $33,000. Finally, Torren Management LLC bought a new position in shares of Carlisle Companies in 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.