Carlisle Companies (NYSE:CSL) Lowered to Hold Rating by Loop Capital

Key Points

• Carlisle Companies has been downgraded from a "buy" rating to a "hold" rating by Loop Capital, with a target price of $395.00 indicating a potential upside of 7.19% from its current price.
• Despite the downgrade, the company received a mixed analysis from other firms, with some boosting their price targets and maintaining "buy" ratings, resulting in a consensus rating of "Moderate Buy".
• In its latest earnings report, Carlisle Companies missed earnings expectations, reporting $6.27 per share against an estimate of $6.67, while its revenue for the quarter was down 0.1% year-over-year.

Loop Capital cut shares of Carlisle Companies (NYSE:CSL - Free Report) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, Marketbeat.com reports. The brokerage currently has $395.00 target price on the conglomerate's stock, down from their previous target price of $430.00.

A number of other equities research analysts have also commented on the company. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Truist Financial dropped their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Robert W. Baird lifted their target price on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 target price on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $450.83.

Carlisle Companies Trading Down 0.6%

NYSE:CSL traded down $2.24 during mid-day trading on Thursday, hitting $352.47. The company had a trading volume of 975,100 shares, compared to its average volume of 491,503. Carlisle Companies has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The business's fifty day moving average is $388.49 and its two-hundred day moving average is $371.08. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The firm has a market cap of $15.24 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.06 and a beta of 1.05.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 36.83%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $6.24 EPS. The company's quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts expect that Carlisle Companies will post 22.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CSL. GFG Capital LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $25,000. Hemington Wealth Management increased its position in shares of Carlisle Companies by 61.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate's stock worth $25,000 after purchasing an additional 26 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate's stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Dagco Inc. acquired a new position in shares of Carlisle Companies during the 1st quarter worth approximately $27,000. Finally, Costello Asset Management INC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 89.52% of the company's stock.

About Carlisle Companies

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.