Truist Financial Has Lowered Expectations for Carlisle Companies (NYSE:CSL) Stock Price

Carlisle Companies (NYSE:CSL) had its target price dropped by stock analysts at Truist Financial from $350.00 to $340.00 in a research note issued on Thursday, MarketBeat reports. The brokerage currently has a “hold” rating on the conglomerate’s stock. Truist Financial’s target price would indicate a potential upside of 4.75% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Robert W. Baird dropped their price target on Carlisle Companies from $440.00 to $385.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. JPMorgan Chase & Co. dropped their price target on Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Loop Capital lowered Carlisle Companies from a “buy” rating to a “hold” rating and lowered their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Zacks Research lowered Carlisle Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Hold” and an average target price of $386.67.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $324.58 on Thursday. Carlisle Companies has a 52 week low of $311.41 and a 52 week high of $472.66. The business has a 50-day simple moving average of $347.85 and a 200 day simple moving average of $371.68. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.12 and a beta of 1.00.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $5.78 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. On average, research analysts forecast that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Riverwater Partners LLC raised its position in Carlisle Companies by 10.9% during the 3rd quarter. Riverwater Partners LLC now owns 1,391 shares of the conglomerate’s stock valued at $458,000 after purchasing an additional 137 shares during the last quarter. Clark Financial Services Group Inc. BD raised its position in Carlisle Companies by 18.6% during the 3rd quarter. Clark Financial Services Group Inc. BD now owns 1,083 shares of the conglomerate’s stock valued at $356,000 after purchasing an additional 170 shares during the last quarter. Cooke & Bieler LP raised its position in Carlisle Companies by 21.3% during the 3rd quarter. Cooke & Bieler LP now owns 372,777 shares of the conglomerate’s stock valued at $122,629,000 after purchasing an additional 65,511 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Carlisle Companies by 582.5% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 430 shares of the conglomerate’s stock valued at $141,000 after purchasing an additional 367 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in Carlisle Companies by 43.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 4,184 shares of the conglomerate’s stock valued at $1,376,000 after purchasing an additional 1,260 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

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.