Carlisle Companies (NYSE:CSL) Price Target Raised to $465.00 at Robert W. Baird

Carlisle Companies (NYSE:CSL) had its price objective increased by Robert W. Baird from $435.00 to $465.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the conglomerate’s stock.

Several other equities research analysts have also recently weighed in on 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 report on Monday, April 1st. StockNews.com upgraded Carlisle Companies from a hold rating to a buy rating in a report on Wednesday, February 7th. The Goldman Sachs Group began coverage on Carlisle Companies in a report on Wednesday, April 3rd. They issued a buy rating and a $455.00 price objective for the company. Finally, Oppenheimer increased their price objective on Carlisle Companies from $405.00 to $412.00 and gave the stock an outperform rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $398.33.

Carlisle Companies Trading Up 4.9 %

Shares of CSL stock opened at $400.92 on Friday. The stock has a market capitalization of $19.16 billion, a PE ratio of 23.24, a P/E/G ratio of 1.36 and a beta of 0.93. Carlisle Companies has a 1-year low of $205.10 and a 1-year high of $415.00. The business has a 50-day moving average of $371.87 and a 200 day moving average of $320.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.23% and a net margin of 17.13%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $993.06 million. As a group, sell-side analysts anticipate that Carlisle Companies will post 18.72 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 19.71%.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $959,422.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Lori A. Snyder sold 8,101 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was 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 owns 5,212 shares in the company, valued at $1,770,203.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David W. Smith sold 700 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $959,422.36. The disclosure for this sale can be found here. Insiders sold a total of 15,255 shares of company stock valued at $5,231,360 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Morgan Stanley raised its stake in shares of Carlisle Companies by 3.6% in the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after purchasing an additional 90,597 shares during the last quarter. FMR LLC raised its stake in shares of Carlisle Companies by 1.5% in the third quarter. FMR LLC now owns 829,655 shares of the conglomerate’s stock worth $215,096,000 after purchasing an additional 12,552 shares during the last quarter. Norges Bank purchased a new stake in Carlisle Companies during the fourth quarter valued at $159,187,000. Pacer Advisors Inc. increased its position in Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after acquiring an additional 413,691 shares during the last quarter. Finally, Madison Asset Management LLC increased its position in Carlisle Companies by 2.9% during the fourth quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock valued at $125,449,000 after acquiring an additional 11,464 shares during the last quarter. Hedge funds and other institutional investors 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.