Carlisle Companies (NYSE:CSL) Given New $412.00 Price Target at Oppenheimer

Carlisle Companies (NYSE:CSL) had its price target lifted by analysts at Oppenheimer from $405.00 to $412.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s price objective would indicate a potential upside of 12.13% from the stock’s current price.

CSL has been the subject of a number of other research reports. Loop Capital upped their target price on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Robert W. Baird upped their price objective on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group initiated coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price on the stock. Finally, StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $367.42 on Thursday. Carlisle Companies has a 12 month low of $205.10 and a 12 month high of $403.44. The stock’s fifty day moving average price is $368.29 and its 200-day moving average price is $315.84. The firm has a market cap of $17.56 billion, a P/E ratio of 24.11, a P/E/G ratio of 1.32 and a beta of 0.93. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $3.92 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Carlisle Companies will post 18.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Carlisle Companies

In other news, insider Lori A. Snyder sold 8,101 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the transaction, 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 filing with the SEC, which is available at this link. Also, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now owns 5,212 shares of the company’s stock, valued at $1,770,203.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Carlisle Companies

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its stake in Carlisle Companies by 0.8% during the 1st quarter. BlackRock Inc. now owns 5,115,413 shares of the conglomerate’s stock valued at $1,156,441,000 after purchasing an additional 40,344 shares during the last quarter. Morgan Stanley boosted its position in Carlisle Companies by 3.6% in the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after buying an additional 90,597 shares during the last quarter. State Street Corp increased its holdings in Carlisle Companies by 9.1% in the 1st quarter. State Street Corp now owns 2,351,573 shares of the conglomerate’s stock worth $531,620,000 after buying an additional 196,859 shares during the period. Moneta Group Investment Advisors LLC raised its position in Carlisle Companies by 106,294.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,064,044 shares of the conglomerate’s stock worth $486,392,000 after buying an additional 2,062,104 shares during the last quarter. Finally, Norges Bank acquired a new stake in Carlisle Companies during the 4th quarter valued at approximately $239,527,000. 89.52% of the stock is owned by institutional investors and hedge funds.

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.