JPMorgan Chase & Co. Increases Carlisle Companies (NYSE:CSL) Price Target to $420.00

Carlisle Companies (NYSE:CSL) had its price objective raised by research analysts at JPMorgan Chase & Co. from $400.00 to $420.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the conglomerate’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.68% from the stock’s current price.

CSL has been the topic of several other research reports. Oppenheimer boosted their target price on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Finally, William Blair began coverage on shares of Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $399.17.

Carlisle Companies Stock Down 3.4%

NYSE CSL traded down $12.21 on Monday, reaching $342.35. The company had a trading volume of 301,848 shares, compared to its average volume of 456,804. The company’s fifty day moving average is $370.23 and its 200-day moving average is $348.70. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $4.47 EPS. On average, research analysts forecast that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Insider Activity

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 24,180 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the sale, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David W. Smith sold 1,800 shares of Carlisle Companies stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the completion of the transaction, the vice president directly owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. This trade represents a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 68,289 shares of company stock valued at $28,125,467. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Carlisle Companies

Institutional investors have recently bought and sold shares of the business. MML Investors Services LLC boosted its stake in shares of Carlisle Companies by 1.1% during the 4th quarter. MML Investors Services LLC now owns 2,497 shares of the conglomerate’s stock worth $799,000 after acquiring an additional 27 shares during the period. Raiffeisen Bank International AG raised its stake in Carlisle Companies by 12.8% in the 4th quarter. Raiffeisen Bank International AG now owns 247 shares of the conglomerate’s stock valued at $80,000 after acquiring an additional 28 shares during the period. Vermillion & White Wealth Management Group LLC lifted its holdings in Carlisle Companies by 69.6% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 32 shares during the last quarter. Blue Trust Inc. boosted its position in Carlisle Companies by 4.9% during the third quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock worth $223,000 after purchasing an additional 32 shares during the period. Finally, DNB Asset Management AS increased its holdings in shares of Carlisle Companies by 0.3% in the second quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock valued at $4,576,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

About Carlisle Companies

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.