Carlisle Companies (NYSE:CSL) PT Raised to $168.00

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Carlisle Companies (NYSE:CSL) had its price target increased by Robert W. Baird from $165.00 to $168.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Robert W. Baird’s price objective would suggest a potential upside of 5.21% from the stock’s current price.

Several other equities analysts also recently commented on the stock. ValuEngine downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a report on Tuesday. Oppenheimer upped their price target on shares of Carlisle Companies from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating and set a $164.00 price objective for the company in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $153.00.

Shares of NYSE:CSL opened at $159.68 on Thursday. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 1.27 and a beta of 0.99. Carlisle Companies has a 12 month low of $93.01 and a 12 month high of $163.42. The firm’s 50-day moving average is $155.27 and its 200 day moving average is $143.52. The company has a current ratio of 3.04, a quick ratio of 2.31 and a debt-to-equity ratio of 0.59.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $2.42 EPS for the quarter, beating the consensus estimate of $2.29 by $0.13. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. Carlisle Companies had a net margin of 9.66% and a return on equity of 17.99%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 EPS. As a group, equities analysts forecast that Carlisle Companies will post 8.19 EPS for the current fiscal year.

In other Carlisle Companies news, CEO D Christian Koch sold 46,193 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $157.81, for a total value of $7,289,717.33. Following the completion of the sale, the chief executive officer now directly owns 145,688 shares of the company’s stock, valued at approximately $22,991,023.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Douglas Charles Taylor acquired 697 shares of the stock in a transaction on Thursday, September 12th. The stock was bought at an average cost of $147.27 per share, with a total value of $102,647.19. Following the completion of the transaction, the vice president now owns 6,221 shares in the company, valued at $916,166.67. The disclosure for this purchase can be found here. Over the last three months, insiders sold 69,673 shares of company stock valued at $10,911,340. 1.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CSL. Krane Funds Advisors LLC purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $26,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $32,000. SRS Capital Advisors Inc. purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $32,000. Advisors Preferred LLC purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $38,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Carlisle Companies by 510.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 293 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 245 shares during the period. 88.99% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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