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

Carlisle Companies (NYSE:CSL) had its price objective increased by Oppenheimer from $405.00 to $412.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s price objective indicates a potential upside of 11.73% from the company’s current price.

Other analysts have also recently issued reports about the company. Loop Capital increased their price objective on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. The Goldman Sachs Group started coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective for the company. Robert W. Baird raised their price target on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and an average target price of $390.33.

Carlisle Companies Stock Down 1.5 %

Shares of NYSE CSL opened at $368.76 on Thursday. The stock has a market cap of $17.63 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. Carlisle Companies has a 52-week low of $205.10 and a 52-week high of $403.44. The business has a 50-day moving average price of $367.36 and a 200 day moving average price of $314.67.

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

Insider Transactions at Carlisle Companies

In other news, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now owns 86,652 shares in the company, valued at $30,114,169.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lori A. Snyder sold 8,101 shares of the business’s 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 sale, 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. Insiders have sold 15,255 shares of company stock worth $5,231,360 over the last quarter. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carlisle Companies

A number of large investors have recently modified their holdings of the company. Allworth Financial LP lifted its position in Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after buying an additional 40 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of Carlisle Companies during the 4th quarter valued at $29,000. V Square Quantitative Management LLC acquired a new position in shares of Carlisle Companies during the 4th quarter valued at $31,000. Principal Securities Inc. purchased a new stake in Carlisle Companies during the 4th quarter worth $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Carlisle Companies in the 4th quarter valued at $40,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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.