Robert W. Baird Cuts Carlisle Companies (NYSE:CSL) Price Target to $405.00

Carlisle Companies (NYSE:CSL) had its target price trimmed by Robert W. Baird from $425.00 to $405.00 in a report released on Monday morning, MarketBeat reports. They currently have an outperform rating on the conglomerate’s stock.

Several other research firms also recently commented on CSL. Raymond James Financial started coverage on Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Truist Financial reduced their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Finally, Oppenheimer upped their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $399.29.

Carlisle Companies Stock Performance

NYSE CSL opened at $327.36 on Monday. The stock has a market cap of $13.25 billion, a PE ratio of 19.24, a P/E/G ratio of 1.02 and a beta of 0.85. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The firm has a 50-day moving average of $346.81 and a 200-day moving average of $355.79. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. Carlisle Companies’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.61 EPS. On average, sell-side analysts anticipate that Carlisle Companies will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio is presently 25.87%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. State Street Corp grew its position in Carlisle Companies by 6.9% during the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after buying an additional 134,241 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Carlisle Companies by 26.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate’s stock worth $397,561,000 after acquiring an additional 251,614 shares during the period. Invesco Ltd. raised its holdings in Carlisle Companies by 2.6% in the 3rd quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock valued at $346,777,000 after acquiring an additional 27,049 shares in the last quarter. Sands Capital Management LLC raised its holdings in Carlisle Companies by 13.9% in the 4th quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock valued at $309,509,000 after acquiring an additional 118,139 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Carlisle Companies by 20.4% during the 4th quarter. First Eagle Investment Management LLC now owns 646,162 shares of the conglomerate’s stock valued at $206,681,000 after acquiring an additional 109,410 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.