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

Carlisle Companies (NYSE:CSLGet Free Report) had its target price increased by investment analysts at Oppenheimer from $405.00 to $412.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s price target indicates a potential upside of 11.73% from the company’s previous close.

Several other brokerages also recently commented on CSL. Loop Capital lifted their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Robert W. Baird lifted their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price on the stock. 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 company. Based on data from MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and a consensus price target of $390.33.

Get Our Latest Report on CSL

Carlisle Companies Stock Down 1.5 %

CSL stock opened at $368.76 on Thursday. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. Carlisle Companies has a 1 year low of $205.10 and a 1 year high of $403.44. The company has a fifty day simple moving average of $367.36 and a 200 day simple moving average of $314.67. The firm has a market cap of $17.63 billion, a PE ratio of 24.20, a PEG ratio of 1.33 and a beta of 0.93.

Carlisle Companies (NYSE:CSLGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.70. The business had revenue of $1.13 billion during 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%. Carlisle Companies’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.92 EPS. Sell-side analysts anticipate that Carlisle Companies will post 18.7 EPS for the current fiscal year.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 700 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $959,422.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP David W. Smith sold 700 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $959,422.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. 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. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Carlisle Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its position in Carlisle Companies by 88.9% in 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 fourth quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new position in shares of Carlisle Companies during the fourth quarter worth approximately $31,000. Principal Securities Inc. acquired a new position in shares of Carlisle Companies during the fourth quarter worth approximately $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Carlisle Companies during the fourth quarter worth approximately $40,000. Institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.