Carlisle Companies (NYSE:CSL) Given New $405.00 Price Target at Robert W. Baird

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

A number of other analysts also recently issued reports on CSL. Truist Financial cut their price objective on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Raymond James Financial began coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Finally, Oppenheimer boosted their price target on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $399.29.

Carlisle Companies Stock Down 5.2%

CSL opened at $327.51 on Monday. The stock has a fifty day moving average of $347.75 and a 200-day moving average of $355.71. The company has a market capitalization of $13.25 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.09 and a beta of 0.85. Carlisle Companies has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the company posted $3.61 earnings per share. Carlisle Companies’s revenue was down 4.0% compared to the same quarter last year. On average, equities analysts expect that Carlisle Companies will post 21.16 EPS for the current year.

Carlisle Companies Dividend Announcement

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

Institutional Investors Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. bought a new stake in shares of Carlisle Companies during the 4th quarter worth $27,000. Signature Equity Partners LLC boosted its position in Carlisle Companies by 3,133.3% during the 1st quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after buying an additional 94 shares during the period. Torren Management LLC acquired a new position in shares of Carlisle Companies during the fourth quarter worth $33,000. Allied Private Wealth LLC acquired a new position in Carlisle Companies during the 2nd quarter worth about $33,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Carlisle Companies in the second quarter worth approximately $36,000. 89.52% of the stock is currently 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.