Carlisle Companies (NYSE:CSL) Coverage Initiated at Truist Financial

Research analysts at Truist Financial started coverage on shares of Carlisle Companies (NYSE:CSL) in a note issued to investors on Thursday, MarketBeat.com reports. The firm set a “hold” rating and a $460.00 price target on the conglomerate’s stock. Truist Financial’s price objective suggests a potential upside of 3.32% from the stock’s current price.

CSL has been the subject of several other research reports. Oppenheimer upped their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $472.00.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $445.24 on Thursday. Carlisle Companies has a 12-month low of $269.58 and a 12-month high of $481.26. The company’s 50 day moving average price is $442.46 and its two-hundred day moving average price is $422.26. The firm has a market cap of $20.18 billion, a PE ratio of 15.76, a PEG ratio of 1.49 and a beta of 0.91. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm posted $4.68 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts predict that Carlisle Companies will post 20.36 earnings per share for the current year.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies in the third quarter worth $25,000. ORG Partners LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies during the second quarter worth about $32,000. ORG Wealth Partners LLC acquired a new position in shares of Carlisle Companies in the third quarter worth approximately $32,000. Finally, True Wealth Design LLC boosted its holdings in Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 70 shares during the last quarter. 89.52% of the stock is owned by 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.