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

Key Points

• DA Davidson upgraded Carlisle Companies to a “Hold” rating, while the broader analyst consensus remains “Hold” with an average price target of $402.43.
• Carlisle reported stronger-than-expected quarterly results, with EPS of $7.03 versus the $6.35 estimate and revenue of $1.57 billion, up 8.3% year over year.
• Institutional investors own approximately 89.5% of Carlisle’s shares, with several firms recently initiating or increasing their positions.

Carlisle Companies (NYSE:CSL - Get Free Report) was upgraded by equities research analysts at DA Davidson to a "hold" rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a report on Thursday, July 30th. Truist Financial cut their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a "hold" rating for the company in a research report on Tuesday, July 7th. Finally, Raymond James Financial began coverage on Carlisle Companies in a research note on Monday, April 27th. They issued an "outperform" rating and a $425.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of "Hold" and a consensus target price of $402.43.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $362.95 on Monday. The stock has a market cap of $14.41 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.14 and a beta of 0.85. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The business has a 50-day simple moving average of $358.87 and a 200 day simple moving average of $358.26. Carlisle Companies has a 52 week low of $293.43 and a 52 week high of $432.91.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.35 by $0.68. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $6.27 EPS. On average, research analysts forecast that Carlisle Companies will post 21.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carlisle Companies

Several institutional investors have recently bought and sold shares of CSL. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Carlisle Companies in the fourth quarter worth $8,582,000. SEB Asset Management AB purchased a new position in Carlisle Companies during the 1st quarter valued at $6,783,000. Brandywine Global Investment Management LLC raised its holdings in Carlisle Companies by 49.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 86,311 shares of the conglomerate's stock worth $27,607,000 after purchasing an additional 28,493 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Carlisle Companies during the 1st quarter valued at about $2,183,000. Finally, Lazard Asset Management LLC boosted its stake in shares of Carlisle Companies by 5.5% during the 1st quarter. Lazard Asset Management LLC now owns 190,650 shares of the conglomerate's stock valued at $63,605,000 after purchasing an additional 10,009 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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.

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