Robert W. Baird Has Lowered Expectations for Carlisle Companies (NYSE:CSL) Stock Price

Carlisle Companies (NYSE:CSL) had its target price cut by stock analysts at Robert W. Baird from $412.00 to $402.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the conglomerate’s stock. Robert W. Baird’s target price would suggest a potential upside of 23.40% from the stock’s current price.

Several other brokerages have also weighed in on CSL. Truist Financial decreased their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. DA Davidson set a $355.00 price objective on Carlisle Companies in a research note on Friday, October 9th. Finally, Weiss Ratings raised shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and an average price target of $394.50.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $325.76 on Tuesday. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The stock has a fifty day simple moving average of $343.04 and a two-hundred day simple moving average of $346.78. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $432.91. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.03 and a beta of 0.84.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $6.27 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Analysts anticipate that Carlisle Companies will post 21.18 earnings per share for the current year.

Institutional Trading of Carlisle Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nykredit A S purchased a new position in Carlisle Companies in the second quarter worth $2,747,000. Empowered Funds LLC bought a new position in Carlisle Companies in the second quarter valued at $1,914,000. Squarepoint Ops LLC increased its stake in Carlisle Companies by 28.8% in the second quarter. Squarepoint Ops LLC now owns 47,679 shares of the conglomerate’s stock valued at $17,296,000 after acquiring an additional 10,653 shares during the last quarter. Legal & General Group Plc purchased a new stake in Carlisle Companies during the second quarter valued at about $49,811,000. Finally, SEB Asset Management AB purchased a new stake in Carlisle Companies during the first quarter valued at about $6,783,000. 89.52% of the stock is currently owned by institutional investors.

About Carlisle Companies

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and related technologies. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, architectural metals, and other building-envelope solutions. Its products are used in new construction, renovation, and maintenance projects.

Carlisle also develops products for specialized industrial and aerospace applications.