Weiss Ratings Reaffirms Hold (C) Rating for Carlisle Companies (NYSE:CSL)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Carlisle Companies (NYSE:CSL), stating that several other analysts have also indicated a hold or lower ratings recently.
• Carlisle Companies reported a quarterly EPS of $6.27, missing the consensus estimate of $6.67, and had a revenue of $1.45 billion, which was below expectations.
• The stock is currently valued at $329.57, having recently increased by $4.56, and has an average target price of $429.17.

Carlisle Companies (NYSE:CSL - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other analysts have also recently weighed in on CSL. Truist Financial lowered their price objective on shares of Carlisle Companies from $380.00 to $350.00 and set a "hold" rating on the stock in a research report on Monday, September 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Finally, Zacks Research cut shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $429.17.

Carlisle Companies Stock Performance

CSL traded up $4.56 on Wednesday, hitting $329.57. The company's stock had a trading volume of 471,578 shares, compared to its average volume of 476,222. The company's 50 day simple moving average is $364.47 and its 200-day simple moving average is $372.88. The firm has a market cap of $14.09 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00. Carlisle Companies has a 12 month low of $311.41 and a 12 month high of $481.26. 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 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 the consensus estimate of $1.50 billion. During the same period last year, the business posted $6.24 earnings per share. The firm's quarterly revenue was down .1% on a year-over-year basis. Analysts forecast that Carlisle Companies will post 22.31 EPS for the current year.

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Baron Wealth Management LLC boosted its stake in Carlisle Companies by 4.4% during the second quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate's stock worth $233,000 after acquiring an additional 26 shares in the last quarter. Hemington Wealth Management boosted its stake in Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate's stock worth $25,000 after acquiring an additional 26 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Carlisle Companies by 3.8% during the second quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate's stock worth $310,000 after acquiring an additional 30 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake 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 stake 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 worth $29,000 after acquiring an additional 32 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.

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