Carlisle Companies (NYSE:CSL) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Carlisle Companies (NYSE:CSL - Get Free Report) in a report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set an "overweight" rating and a $500.00 price target on the conglomerate's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 37.07% from the stock's current price.

CSL has been the subject of a number of other reports. Robert W. Baird upped their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Truist Financial cut their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $461.67.

Carlisle Companies Trading Up 2.8%

Shares of CSL opened at $364.78 on Tuesday. The company has a market capitalization of $15.78 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. Carlisle Companies has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The stock has a fifty day moving average of $377.57 and a two-hundred day moving average of $368.01.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the company earned $3.72 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, analysts forecast that Carlisle Companies will post 22.31 EPS for the current year.

Institutional Investors Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC boosted its position in shares of Carlisle Companies by 2.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after buying an additional 38 shares during the period. CX Institutional acquired a new position in Carlisle Companies during the 1st quarter worth approximately $49,000. Fifth Third Bancorp increased its position in shares of Carlisle Companies by 11.5% during the first quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock worth $376,000 after buying an additional 114 shares during the period. Tocqueville Asset Management L.P. boosted its stake in Carlisle Companies by 6.0% during the fourth quarter. Tocqueville Asset Management L.P. now owns 4,375 shares of the conglomerate's stock worth $1,614,000 after acquiring an additional 248 shares in the last quarter. Finally, MV Capital Management Inc. boosted its holdings in Carlisle Companies by 253.5% during the 4th quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate's stock worth $93,000 after acquiring an additional 180 shares during the last quarter. 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.

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