Carlisle Companies (NYSE:CSL) Price Target Cut to $340.00 by Analysts at Truist Financial

Carlisle Companies (NYSE:CSL) had its price target decreased by Truist Financial from $350.00 to $340.00 in a research note released on Thursday morning, MarketBeat.com reports. Truist Financial currently has a hold rating on the conglomerate’s stock.

Several other analysts also recently weighed in on CSL. Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. JPMorgan Chase & Co. cut their price objective on shares of Carlisle Companies from $480.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Zacks Research downgraded shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Oppenheimer cut their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Wednesday, October 8th. Four research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $386.67.

Carlisle Companies Trading Down 1.6%

Carlisle Companies stock opened at $325.80 on Thursday. The firm’s 50-day moving average is $349.32 and its 200-day moving average is $371.90. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19. Carlisle Companies has a 1 year low of $311.41 and a 1 year high of $472.66. The company has a market cap of $13.93 billion, a P/E ratio of 18.48, a PEG ratio of 1.12 and a beta of 1.00.

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

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.00. Carlisle Companies’s payout ratio is presently 24.58%.

Institutional Investors Weigh In On Carlisle Companies

A number of large investors have recently made changes to their positions in the company. Baron Wealth Management LLC raised its holdings in shares of Carlisle Companies by 4.4% during the second quarter. Baron Wealth Management LLC now owns 623 shares of the conglomerate’s stock valued at $233,000 after acquiring an additional 26 shares during the period. Hemington Wealth Management raised its holdings in shares of Carlisle Companies by 61.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 26 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Carlisle Companies by 3.8% during the second quarter. Park Avenue Securities LLC now owns 829 shares of the conglomerate’s stock valued at $310,000 after acquiring an additional 30 shares during the period. Crestwood Advisors Group LLC raised its holdings in shares of Carlisle Companies by 2.1% during the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate’s stock valued at $506,000 after acquiring an additional 31 shares during the period. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in shares of Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds 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.