Carlisle Companies (NYSE:CSL) PT Raised to $505.00

Carlisle Companies (NYSE:CSL) had its price target lifted by analysts at Oppenheimer from $480.00 to $505.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s price target suggests a potential upside of 9.77% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Robert W. Baird raised their target price on shares of Carlisle Companies from $500.00 to $506.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $476.50.

Carlisle Companies Trading Down 1.7 %

Shares of NYSE CSL traded down $8.11 during midday trading on Tuesday, reaching $460.05. 55,575 shares of the stock were exchanged, compared to its average volume of 324,116. The company has a market capitalization of $21.90 billion, a P/E ratio of 26.65, a P/E/G ratio of 1.52 and a beta of 0.91. Carlisle Companies has a 52-week low of $235.79 and a 52-week high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $430.69 and a 200-day moving average price of $414.89.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm posted $5.18 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that Carlisle Companies will post 20.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Carlisle Companies

In other news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the sale, the chief financial officer now owns 35,641 shares in the company, valued at $15,157,760.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its stake in shares of Carlisle Companies by 24.1% in the third quarter. Private Advisor Group LLC now owns 823 shares of the conglomerate’s stock worth $370,000 after buying an additional 160 shares during the last quarter. Eastern Bank bought a new stake in Carlisle Companies during the third quarter valued at $585,000. Signaturefd LLC increased its stake in Carlisle Companies by 238.9% during the third quarter. Signaturefd LLC now owns 827 shares of the conglomerate’s stock valued at $372,000 after purchasing an additional 583 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in Carlisle Companies by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock valued at $332,000 after purchasing an additional 24 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Carlisle Companies by 225.2% during the third quarter. Blue Trust Inc. now owns 722 shares of the conglomerate’s stock valued at $325,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

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.