Carlisle Companies (NYSE:CSL) Raised to "Hold" at StockNews.com

Carlisle Companies (NYSE:CSL - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Friday.

CSL has been the topic of several other reports. Robert W. Baird raised their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Truist Financial decreased their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Finally, Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Carlisle Companies presently has an average rating of "Moderate Buy" and a consensus target price of $454.00.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $400.66 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The company has a market cap of $17.33 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. The company has a 50 day moving average of $356.27 and a 200-day moving average of $381.28. Carlisle Companies has a 1-year low of $311.41 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The company's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $3.72 earnings per share. As a group, equities research analysts forecast that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Institutional Trading of Carlisle Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its position in shares of Carlisle Companies by 2.2% in the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock worth $502,239,000 after acquiring an additional 29,799 shares in the last quarter. Franklin Resources Inc. increased its holdings in Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after purchasing an additional 17,206 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Carlisle Companies by 4.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock valued at $394,244,000 after buying an additional 49,102 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Carlisle Companies by 3.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock worth $418,617,000 after buying an additional 34,021 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after buying an additional 538,990 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.