Carlisle Companies (NYSE:CSL) had its price objective raised by equities research analysts at Oppenheimer from $175.00 to $188.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s target price indicates a potential upside of 7.00% from the company’s current price.
A number of other research analysts have also issued reports on the stock. Loop Capital upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating and upped their target price for the company from $160.00 to $184.00 in a report on Wednesday, March 31st. Zacks Investment Research downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating and set a $177.00 target price for the company. in a research report on Tuesday, April 6th. Finally, Longbow Research downgraded shares of Carlisle Companies from a “buy” rating to a “neutral” rating in a research report on Monday, April 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $169.00.
Shares of NYSE CSL opened at $175.70 on Monday. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 1.45 and a beta of 0.96. Carlisle Companies has a 52 week low of $97.55 and a 52 week high of $177.98. The company’s 50-day moving average price is $162.69 and its 200 day moving average price is $149.42. The company has a current ratio of 3.31, a quick ratio of 2.52 and a debt-to-equity ratio of 0.84.
In related news, insider John E. Berlin sold 15,554 shares of Carlisle Companies stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $150.46, for a total transaction of $2,340,254.84. Following the transaction, the insider now directly owns 34,216 shares of the company’s stock, valued at $5,148,139.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Karl Ted Messmer sold 13,022 shares of Carlisle Companies stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $150.18, for a total value of $1,955,643.96. Following the transaction, the insider now directly owns 18,178 shares in the company, valued at $2,729,972.04. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Capital Asset Advisory Services LLC acquired a new position in Carlisle Companies during the fourth quarter worth about $27,000. Arlington Partners LLC purchased a new position in Carlisle Companies in the 1st quarter worth about $65,000. Inspire Advisors LLC purchased a new position in Carlisle Companies in the 4th quarter worth about $62,000. TD Ameritrade Investment Management LLC purchased a new position in Carlisle Companies in the 4th quarter worth about $81,000. Finally, Graves Light Private Wealth Management Inc. purchased a new position in Carlisle Companies in the 4th quarter worth about $99,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.
Carlisle Companies Company Profile
Carlisle Cos., Inc engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction.
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