Carlisle Companies (NYSE:CSL) Rating Increased to Hold at StockNews.com

Carlisle Companies (NYSE:CSL) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities analysts also recently weighed in on CSL. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Robert W. Baird increased their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. The Goldman Sachs Group lowered their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Loop Capital reduced their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, Truist Financial lowered their target price on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and a consensus target price of $454.00.

Carlisle Companies Trading Down 0.2 %

CSL opened at $385.48 on Tuesday. The stock has a market capitalization of $16.67 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.03 and a beta of 1.07. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies has a 12 month low of $311.41 and a 12 month high of $481.26. The firm’s fifty day simple moving average is $346.74 and its 200 day simple moving average is $383.33.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.72 earnings per share. As a group, research analysts anticipate that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the sale, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Mehul Patel sold 150 shares of the stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors have recently made changes to their positions in the company. Diversify Advisory Services LLC boosted its stake in Carlisle Companies by 1.7% in the 4th quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate’s stock valued at $586,000 after purchasing an additional 26 shares during the period. GeoWealth Management LLC grew its stake in shares of Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after acquiring an additional 29 shares in the last quarter. Crestwood Advisors Group LLC increased its position in Carlisle Companies by 2.1% during the first quarter. Crestwood Advisors Group LLC now owns 1,485 shares of the conglomerate’s stock worth $506,000 after acquiring an additional 31 shares during the period. CIBC Private Wealth Group LLC raised its stake in Carlisle Companies by 2.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock worth $535,000 after purchasing an additional 38 shares in the last quarter. Finally, Metis Global Partners LLC boosted its holdings in Carlisle Companies by 6.4% in the 4th quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate’s stock valued at $238,000 after purchasing an additional 39 shares during the period. Institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

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.