Oppenheimer Cuts Carlisle Companies (NYSE:CSL) Price Target to $415.00

Key Points

• Oppenheimer has reduced its price target for Carlisle Companies (NYSE: CSL) from $440.00 to $415.00, while maintaining an "outperform" rating, indicating a potential upside of 25.91% from the last closing price.
• Several other analysts have also lowered their ratings and price targets for CSL, with Loop Capital downgrading the stock from "buy" to "hold" and setting a new target price of $395.00.
• Despite the recent target reductions, Carlisle Companies shares rose by 1.8% during trading, closing at $329.60, with a market capitalization of $14.09 billion.

Carlisle Companies (NYSE:CSL - Get Free Report) had its target price reduced by investment analysts at Oppenheimer from $440.00 to $415.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the conglomerate's stock. Oppenheimer's price target would indicate a potential upside of 25.91% from the company's previous close.

CSL has been the topic of a number of other reports. Loop Capital cut shares of Carlisle Companies from a "buy" rating to a "hold" rating and dropped their target price for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a "buy" rating on the stock in a research note on Monday, October 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research note on Wednesday, October 8th. Zacks Research cut shares of Carlisle Companies from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 23rd. Finally, Robert W. Baird lowered their target price on shares of Carlisle Companies from $440.00 to $385.00 and set an "outperform" rating on the stock in a research note on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of "Hold" and a consensus target price of $390.00.

Carlisle Companies Stock Up 1.8%

Shares of NYSE CSL traded up $5.73 during trading on Monday, hitting $329.60. 108,726 shares of the company traded hands, compared to its average volume of 475,811. The business's fifty day moving average is $358.28 and its 200 day moving average is $372.05. Carlisle Companies has a fifty-two week low of $311.41 and a fifty-two week high of $473.16. The firm has a market capitalization of $14.09 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%.The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $6.24 earnings per share. The company's revenue was down .1% on a year-over-year basis. Equities research analysts predict that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. HM Payson & Co. raised its holdings in shares of Carlisle Companies by 117,710.0% during the third quarter. HM Payson & Co. now owns 117,810 shares of the conglomerate's stock valued at $38,755,000 after purchasing an additional 117,710 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Carlisle Companies by 4.9% during the third quarter. Blue Trust Inc. now owns 679 shares of the conglomerate's stock valued at $223,000 after purchasing an additional 32 shares during the last quarter. CWM LLC increased its holdings in Carlisle Companies by 2.1% during the third quarter. CWM LLC now owns 3,142 shares of the conglomerate's stock valued at $1,034,000 after buying an additional 66 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Carlisle Companies by 1,737.2% during the third quarter. Pacer Advisors Inc. now owns 151,205 shares of the conglomerate's stock valued at $49,740,000 after buying an additional 142,975 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in Carlisle Companies by 20.8% during the third quarter. Inspire Investing LLC now owns 5,627 shares of the conglomerate's stock valued at $1,851,000 after buying an additional 968 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.

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