Carlisle Companies (NYSE:CSL) Earns Hold Rating from Analysts at Vertical Research

Key Points

• Vertical Research has initiated coverage of Carlisle Companies (NYSE: CSL) with a "hold" rating for the stock.
• Several firms have adjusted their price targets for Carlisle Companies, with Goldman Sachs setting a new target of $385.00 while Zacks Research downgraded the stock to a "strong sell" rating.
• The latest quarterly earnings revealed a miss in EPS estimates, with Carlisle Companies reporting $6.27 against a consensus of $6.67, indicating a slight year-over-year revenue decline.

Vertical Research initiated coverage on shares of Carlisle Companies (NYSE:CSL - Get Free Report) in a report released on Monday. The firm set a "hold" rating on the conglomerate's stock.

Several other research firms also recently weighed in on CSL. The Goldman Sachs Group cut their price target on Carlisle Companies from $444.00 to $385.00 and set a "buy" rating for the company in a research note on Monday, October 13th. JPMorgan Chase & Co. reduced their price objective on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. Oppenheimer reduced their price objective on Carlisle Companies from $440.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday. Zacks Research cut shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. Finally, Truist Financial decreased their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a report on Monday, September 22nd. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Carlisle Companies has an average rating of "Hold" and a consensus target price of $390.00.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock traded up $5.45 on Monday, reaching $329.32. 165,198 shares of the company traded hands, compared to its average volume of 476,036. The company has a 50 day moving average of $358.28 and a 200 day moving average of $372.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. Carlisle Companies has a 52 week low of $311.41 and a 52 week high of $473.16. The firm has a market capitalization of $14.08 billion, a PE ratio of 18.41, a PEG ratio of 1.08 and a beta of 1.00.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS 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 38.16%. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the company posted $6.24 EPS. Carlisle Companies's revenue for the quarter was down .1% on a year-over-year basis. Equities analysts forecast that Carlisle Companies will post 22.31 earnings per share for the current year.

Institutional Investors Weigh In On Carlisle Companies

A number of hedge funds have recently bought and sold shares of the business. GFG Capital LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter worth about $25,000. Hemington Wealth Management lifted its stake in shares of Carlisle Companies by 61.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 26 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Carlisle Companies during the 2nd quarter valued at approximately $25,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Carlisle Companies by 527.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate's stock worth $26,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors 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.

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