Carlisle Companies (NYSE:CSL) PT Raised to $315.00

Carlisle Companies (NYSE:CSLGet Rating) had its target price hoisted by analysts at Oppenheimer from $300.00 to $315.00 in a research note issued on Friday, The Fly reports. Oppenheimer’s target price would indicate a potential upside of 26.04% from the stock’s current price.

Several other analysts have also weighed in on CSL. BMO Capital Markets increased their price target on Carlisle Companies from $260.00 to $290.00 in a report on Tuesday, February 15th. StockNews.com began coverage on Carlisle Companies in a report on Thursday, March 31st. They set a “hold” rating on the stock. Robert W. Baird increased their price target on Carlisle Companies from $300.00 to $325.00 in a report on Friday. Credit Suisse Group began coverage on Carlisle Companies in a report on Tuesday, April 5th. They set a “neutral” rating and a $275.00 price target on the stock. Finally, Loop Capital increased their price target on Carlisle Companies from $285.00 to $305.00 in a report on Friday, April 8th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $283.29.

Shares of CSL opened at $249.93 on Friday. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.10. Carlisle Companies has a 1 year low of $178.73 and a 1 year high of $262.67. The business’s 50 day simple moving average is $241.49 and its 200-day simple moving average is $235.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.84 and a quick ratio of 1.32.

Carlisle Companies (NYSE:CSLGet Rating) last issued its quarterly earnings data on Thursday, February 10th. The conglomerate reported $2.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.30. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Carlisle Companies had a return on equity of 20.32% and a net margin of 8.61%. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. On average, sell-side analysts expect that Carlisle Companies will post 14.36 earnings per share for the current year.

In other news, VP Douglas Charles Taylor sold 13,070 shares of the stock in a transaction on Friday, February 18th. The stock was sold at an average price of $235.73, for a total transaction of $3,080,991.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John E. Berlin sold 6,192 shares of the stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $236.94, for a total value of $1,467,132.48. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of CSL. Trust Co. of Vermont bought a new stake in Carlisle Companies during the fourth quarter valued at about $25,000. Quent Capital LLC bought a new stake in Carlisle Companies during the fourth quarter valued at about $31,000. DeDora Capital Inc. bought a new stake in Carlisle Companies during the first quarter valued at about $41,000. National Bank of Canada FI bought a new stake in Carlisle Companies during the fourth quarter valued at about $45,000. Finally, Deseret Mutual Benefit Administrators boosted its position in Carlisle Companies by 115.6% during the third quarter. Deseret Mutual Benefit Administrators now owns 235 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 126 shares in the last quarter. 93.00% of the stock is currently owned by institutional investors.

About Carlisle Companies (Get Rating)

Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

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