DA Davidson Upgrades Carlisle Companies (NYSE:CSL) to “Hold”

Carlisle Companies (NYSE:CSL) was upgraded by research analysts at DA Davidson to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research 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 report on Tuesday, July 7th. Raymond James Financial initiated coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price objective on the stock. Finally, Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and a consensus target price of $402.43.

Carlisle Companies Trading Up 0.1%

Shares of NYSE CSL opened at $362.95 on Monday. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $432.91. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $14.41 billion, a P/E ratio of 20.82, a PEG ratio of 1.14 and a beta of 0.85. The stock’s 50 day moving average price is $358.87 and its two-hundred day moving average price is $358.26.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $6.27 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts anticipate that Carlisle Companies will post 21.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carlisle Companies

A number of large investors have recently made changes to their positions in CSL. MML Investors Services LLC boosted its stake in Carlisle Companies by 1.1% during the 4th quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock worth $799,000 after acquiring an additional 27 shares during the last quarter. Raiffeisen Bank International AG increased its stake in Carlisle Companies by 12.8% in the fourth quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock valued at $80,000 after purchasing an additional 28 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Carlisle Companies by 1.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,146 shares of the conglomerate’s stock worth $716,000 after purchasing an additional 29 shares during the period. Boston Common Asset Management LLC boosted its position in shares of Carlisle Companies by 0.6% during the first quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock worth $1,731,000 after purchasing an additional 30 shares in the last quarter. Finally, Next Level Private LLC boosted its position in shares of Carlisle Companies by 0.3% during the first quarter. Next Level Private LLC now owns 12,265 shares of the conglomerate’s stock worth $4,092,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.