Truist Financial Begins Coverage on Carlisle Companies (NYSE:CSL)

Truist Financial assumed coverage on shares of Carlisle Companies (NYSE:CSL) in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $460.00 price target on the conglomerate’s stock. Truist Financial’s price target would suggest a potential upside of 1.12% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird dropped their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Oppenheimer boosted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target of $472.00.

Carlisle Companies Stock Up 0.4 %

Shares of CSL opened at $454.89 on Thursday. The firm has a market cap of $20.62 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.48 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies has a 52 week low of $269.58 and a 52 week high of $481.26. The firm’s 50-day simple moving average is $440.64 and its 200 day simple moving average is $421.72.

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

Institutional Trading of Carlisle Companies

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Carlisle Companies during the third quarter valued at approximately $25,000. ORG Partners LLC acquired a new position in shares of Carlisle Companies during the second quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies in the 2nd quarter valued at $32,000. ORG Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the 3rd quarter valued at $32,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Carlisle Companies during the 2nd quarter worth $39,000. Institutional investors own 89.52% of the company’s stock.

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.