Carlisle Companies (NYSE:CSL) Price Target Raised to $465.00

Carlisle Companies (NYSE:CSL) had its price target boosted by Robert W. Baird from $435.00 to $465.00 in a report issued on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the conglomerate’s stock.

A number of other analysts have also issued reports on CSL. Oppenheimer raised their target price on Carlisle Companies from $405.00 to $412.00 and gave the company an outperform rating in a report on Thursday, April 18th. StockNews.com raised Carlisle Companies from a hold rating to a buy rating in a research report on Wednesday, February 7th. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a buy rating and a $455.00 target price on the stock. Finally, Loop Capital increased their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a buy rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $398.33.

Carlisle Companies Price Performance

NYSE CSL opened at $400.56 on Friday. The company has a market cap of $19.15 billion, a P/E ratio of 23.22, a P/E/G ratio of 1.43 and a beta of 0.93. Carlisle Companies has a 1 year low of $205.10 and a 1 year high of $415.00. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $371.87 and a 200 day simple moving average of $320.89.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.23%. On average, sell-side analysts predict that Carlisle Companies will post 19.08 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Thursday, February 15th. Carlisle Companies’s dividend payout ratio is presently 19.71%.

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 700 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $959,422.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 5,212 shares in the company, valued at approximately $1,770,203.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David W. Smith sold 700 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The disclosure for this sale can be found here. Insiders sold a total of 15,255 shares of company stock valued at $5,231,360 over the last ninety days. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Carlisle Companies during the 4th quarter valued at about $159,187,000. Pacer Advisors Inc. raised its stake in shares of Carlisle Companies by 5,351.1% in the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after acquiring an additional 413,691 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Carlisle Companies by 666.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock valued at $71,218,000 after acquiring an additional 198,191 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Carlisle Companies by 1,074.0% in the 4th quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after acquiring an additional 139,054 shares in the last quarter. Finally, Morgan Stanley grew its position in Carlisle Companies by 3.6% during the 3rd quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after acquiring an additional 90,597 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.