Carlisle Companies (NYSE:CSL) Stock Price Target Cut by Robert W. Baird

Key Points

• Robert W. Baird lowered Carlisle Companies’ price target from $412 to $402 while maintaining an “outperform” rating, implying approximately 25.8% upside from the reported share price.
• Analyst sentiment is mixed: four analysts rate CSL a Buy and six rate it a Hold, resulting in a consensus “Hold” rating and average price target of $394.50.
• Carlisle reported quarterly earnings of $7.03 per share, exceeding estimates of $6.35, while revenue rose 8.3% year over year to $1.57 billion. Institutional investors own approximately 89.5% of the company’s stock.

Carlisle Companies (NYSE:CSL - Get Free Report) had its price target cut by Robert W. Baird from $412.00 to $402.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the conglomerate's stock. Robert W. Baird's price objective would suggest a potential upside of 25.81% from the stock's current price.

Several other equities analysts have also weighed in on CSL. DA Davidson set a $355.00 price objective on shares of Carlisle Companies in a report on Friday. Weiss Ratings raised shares of Carlisle Companies from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday. Finally, 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. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Carlisle Companies currently has an average rating of "Hold" and an average target price of $394.50.

Carlisle Companies Trading Down 0.3%

Shares of CSL opened at $319.54 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.01 and a beta of 0.84. The stock has a fifty day moving average price of $345.38 and a two-hundred day moving average price of $346.91. 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 announced its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, topping the consensus estimate 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 return on equity of 47.58% and a net margin of 14.21%. The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.27 earnings per share. Analysts predict that Carlisle Companies will post 21.18 EPS for the current fiscal year.

Institutional Trading of Carlisle Companies

Institutional investors have recently modified their holdings of the stock. Tilia Fiduciary Partners Inc. boosted its holdings in shares of Carlisle Companies by 2.9% in the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 8,981 shares of the conglomerate's stock valued at $2,893,000 after buying an additional 251 shares in the last quarter. Wedmont Private Capital raised its stake in Carlisle Companies by 20.7% during the 3rd quarter. Wedmont Private Capital now owns 928 shares of the conglomerate's stock worth $298,000 after acquiring an additional 159 shares in the last quarter. Diversified Management Inc. acquired a new stake in Carlisle Companies during the 3rd quarter worth $1,989,000. GAMMA Investing LLC lifted its position in Carlisle Companies by 21.5% in the third quarter. GAMMA Investing LLC now owns 2,826 shares of the conglomerate's stock valued at $910,000 after acquiring an additional 501 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Carlisle Companies by 6.1% in the third quarter. Farther Finance Advisors LLC now owns 1,771 shares of the conglomerate's stock valued at $571,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Company Profile

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.

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