Carlisle Companies (NYSE:CSL) Given New $385.00 Price Target at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has reduced its price target for Carlisle Companies from $444.00 to $385.00, while maintaining a "buy" rating on the stock, indicating a potential upside of 18.61% from the current price.
• Several other brokerages have also downgraded Carlisle Companies, with Truist Financial lowering their target from $380.00 to $350.00 and Zacks Research changing their rating from "hold" to "strong sell."
• The company's stock has experienced a slight increase of 0.2%, trading at $324.59, but it has seen a revenue decline of 0.1% year-over-year, with recent earnings per share reported at $6.27, falling short of expectations.

Carlisle Companies (NYSE:CSL - Get Free Report) had its target price dropped by The Goldman Sachs Group from $444.00 to $385.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the conglomerate's stock. The Goldman Sachs Group's price objective points to a potential upside of 18.61% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Truist Financial lowered their price target 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. Zacks Research lowered shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. Robert W. Baird lowered their price target on shares of Carlisle Companies from $440.00 to $385.00 and set an "outperform" rating for the company in a report on Monday. JPMorgan Chase & Co. lowered their price target on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Finally, Loop Capital lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating and lowered their price target for the company from $430.00 to $395.00 in a report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Carlisle Companies presently has an average rating of "Hold" and an average price target of $403.33.

Carlisle Companies Trading Up 0.2%

Shares of Carlisle Companies stock traded up $0.67 during trading hours on Monday, hitting $324.59. The company's stock had a trading volume of 94,410 shares, compared to its average volume of 476,067. Carlisle Companies has a 1-year low of $311.41 and a 1-year high of $481.26. The business has a fifty day moving average of $361.62 and a 200 day moving average of $372.56. The company has a market capitalization of $13.88 billion, a PE ratio of 18.17, a P/E/G ratio of 1.08 and a beta of 1.00. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business 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 earned $6.24 EPS. Carlisle Companies's revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Carlisle Companies will post 22.31 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Thomasville National Bank bought a new position in shares of Carlisle Companies in the 3rd quarter worth about $296,000. Trust Point Inc. lifted its position in shares of Carlisle Companies by 22.2% in the 3rd quarter. Trust Point Inc. now owns 1,967 shares of the conglomerate's stock worth $647,000 after buying an additional 357 shares during the last quarter. Lifestyle Asset Management Inc. lifted its position in Carlisle Companies by 35.0% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 4,067 shares of the conglomerate's stock valued at $1,338,000 after purchasing an additional 1,055 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its position in Carlisle Companies by 5.6% in the 3rd quarter. Astoria Portfolio Advisors LLC. now owns 1,175 shares of the conglomerate's stock valued at $388,000 after purchasing an additional 62 shares during the last quarter. Finally, Bath Savings Trust Co bought a new stake in Carlisle Companies in the 3rd quarter valued at about $415,000. 89.52% of the stock is currently owned by institutional investors.

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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