Carlisle Companies (NYSE:CSL) Price Target Raised to $430.00

Carlisle Companies (NYSE:CSL - Get Free Report) had its price objective hoisted by research analysts at Oppenheimer from $412.00 to $430.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an "outperform" rating on the conglomerate's stock. Oppenheimer's target price would indicate a potential upside of 7.25% from the stock's previous close.

Several other brokerages also recently issued reports on CSL. The Goldman Sachs Group began coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a "buy" rating and a $455.00 price objective for the company. Loop Capital raised their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. StockNews.com upgraded shares of Carlisle Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird lifted their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an "outperform" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $398.33.

Carlisle Companies Stock Performance

Carlisle Companies stock traded up $18.89 during midday trading on Friday, reaching $400.92. 681,996 shares of the company's stock were exchanged, compared to its average volume of 278,632. Carlisle Companies has a 52 week low of $205.10 and a 52 week high of $415.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87. The firm has a market cap of $19.17 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 1.34 and a beta of 0.93. The stock's 50-day simple moving average is $371.87 and its 200 day simple moving average is $320.12.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.98. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. On average, analysts expect that Carlisle Companies will post 18.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at $30,114,169.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 86,652 shares of the company's stock, valued at $30,114,169.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $236,978.00. Following the sale, the vice president now directly owns 2,834 shares in the company, 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 worth $5,231,360 over the last three months. Corporate insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP lifted its holdings 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 during the period. V Square Quantitative Management LLC acquired a new position in Carlisle Companies in the fourth quarter valued at $31,000. Principal Securities Inc. acquired a new position in Carlisle Companies in the fourth quarter valued at $32,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Carlisle Companies during the fourth quarter valued at about $40,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Carlisle Companies by 38.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate's stock valued at $43,000 after purchasing an additional 3,815 shares during the period. Institutional investors and hedge funds 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.