Oppenheimer Increases Carlisle Companies (NYSE:CSL) Price Target to $412.00

Carlisle Companies (NYSE:CSL) had its price target increased by equities research analysts at Oppenheimer from $405.00 to $412.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s target price indicates a potential upside of 12.13% from the company’s previous close.

A number of other research analysts have also commented on CSL. Loop Capital upped their price target on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus price target of $390.33.

Carlisle Companies Stock Up 0.0 %

Shares of Carlisle Companies stock opened at $367.42 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87. Carlisle Companies has a 52-week low of $205.10 and a 52-week high of $403.44. The company’s 50 day moving average price is $368.29 and its 200-day moving average price is $315.84. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.32 and a beta of 0.93.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.70. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.92 EPS. Equities research analysts forecast that Carlisle Companies will post 18.7 EPS for the current year.

Insider Activity

In related news, insider Lori A. Snyder sold 8,101 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the transaction, the insider now directly owns 5,212 shares in the company, valued at approximately $1,770,203.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the transaction, the insider now directly owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,255 shares of company stock worth $5,231,360. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Carlisle Companies

Several hedge funds have recently added to or reduced their stakes in CSL. Citigroup Inc. boosted its stake in Carlisle Companies by 48.1% in the 1st quarter. Citigroup Inc. now owns 20,327 shares of the conglomerate’s stock worth $4,998,000 after purchasing an additional 6,603 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Carlisle Companies by 0.6% in the first quarter. Great West Life Assurance Co. Can now owns 29,831 shares of the conglomerate’s stock worth $7,549,000 after buying an additional 176 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Carlisle Companies by 3.5% during the first quarter. Raymond James Trust N.A. now owns 2,160 shares of the conglomerate’s stock valued at $531,000 after buying an additional 73 shares during the last quarter. Synovus Financial Corp increased its position in shares of Carlisle Companies by 7.9% during the first quarter. Synovus Financial Corp now owns 4,958 shares of the conglomerate’s stock valued at $1,206,000 after acquiring an additional 363 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Carlisle Companies by 23.6% in the 1st quarter. Sei Investments Co. now owns 53,110 shares of the conglomerate’s stock worth $13,028,000 after acquiring an additional 10,150 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

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.