Carlisle Companies (NYSE:CSL) Price Target Lowered to $420.00 at Oppenheimer

Carlisle Companies (NYSE:CSL) had its price objective reduced by stock analysts at Oppenheimer from $435.00 to $420.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s target price would suggest a potential upside of 15.87% from the company’s previous close.

A number of other equities research analysts also recently issued reports on CSL. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Robert W. Baird decreased their price objective on Carlisle Companies from $420.00 to $402.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. JPMorgan Chase & Co. upped their target price on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Finally, William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $393.67.

Carlisle Companies Trading Up 0.2%

CSL stock traded up $0.79 during midday trading on Monday, reaching $362.49. 102,297 shares of the company traded hands, compared to its average volume of 439,397. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. The business has a 50 day moving average of $364.63 and a 200-day moving average of $343.88. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 1.16 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $4.47 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts expect that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 36,260 shares of Carlisle Companies stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the completion of the transaction, the chief executive officer owned 113,238 shares in the company, valued at approximately $46,810,324.44. This trade represents a 24.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephen Schwar sold 6,049 shares of Carlisle Companies stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the transaction, the insider owned 8,540 shares of the company’s stock, valued at $3,564,254.40. The trade was a 41.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 68,289 shares of company stock worth $28,125,467. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carlisle Companies

Institutional investors have recently modified their holdings of the stock. BOK Financial Private Wealth Inc. purchased a new position in shares of Carlisle Companies during the 4th quarter valued at about $27,000. Osterweis Capital Management Inc. acquired a new stake in shares of Carlisle Companies during the 2nd quarter valued at about $36,000. Torren Management LLC acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. grew its position in shares of Carlisle Companies by 43.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after acquiring an additional 34 shares during the period. Finally, Quarry LP acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.