Carlisle Companies (NYSE:CSL) Price Target Cut to $385.00 by Analysts at Robert W. Baird

Key Points

• Carlisle Companies has had its price target reduced from $440.00 to $385.00 by analysts at Robert W. Baird, while still maintaining an "outperform" rating on the stock.
• Other analysts, including Zacks Research and Loop Capital, have also downgraded their ratings and target prices, reflecting a cautious outlook on Carlisle Companies.
• Despite the adjustments, the consensus target price remains at $416.67, showing that some analysts still hold a relatively positive view on the stock's potential.

Carlisle Companies (NYSE:CSL - Get Free Report) had its price objective cut by research analysts at Robert W. Baird from $440.00 to $385.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the conglomerate's stock. Robert W. Baird's target price suggests a potential upside of 19.01% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Zacks Research cut shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. lowered their target price on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Finally, Truist Financial dropped their target price on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating on the stock in a report on Monday, September 22nd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $416.67.

Carlisle Companies Stock Performance

CSL stock opened at $323.51 on Monday. 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 has a twelve month low of $311.41 and a twelve month high of $481.26. The business's fifty day moving average is $361.62 and its 200-day moving average is $372.56. The company has a market cap of $13.83 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. Carlisle Companies's revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.24 EPS. Equities research analysts forecast that Carlisle Companies will post 22.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CSL. Baron Wealth Management LLC lifted its position in shares of Carlisle Companies by 4.4% during the 2nd quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate's stock worth $233,000 after buying an additional 26 shares during the period. Hemington Wealth Management grew its stake in Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 26 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Carlisle Companies by 3.8% in the second quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate's stock valued at $310,000 after purchasing an additional 30 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in Carlisle Companies by 2.1% during the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate's stock worth $506,000 after acquiring an additional 31 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its position in Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate's stock valued at $29,000 after purchasing an additional 32 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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