Robert W. Baird Has Lowered Expectations for Carlisle Companies (NYSE:CSL) Stock Price

Carlisle Companies (NYSE:CSL) had its price objective decreased by research analysts at Robert W. Baird from $420.00 to $402.00 in a research report issued on Wednesday, Marketbeat.com reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Robert W. Baird’s price objective would indicate a potential upside of 15.81% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. upped their price objective on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Oppenheimer increased their price target on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $396.17.

Carlisle Companies Stock Performance

NYSE CSL opened at $347.11 on Wednesday. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average price of $365.49 and a 200-day moving average price of $343.49. Carlisle Companies has a twelve month low of $293.43 and a twelve month high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.47 earnings per share. As a group, equities research analysts predict that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 1,800 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total transaction of $745,290.00. Following the transaction, the vice president directly owned 3,697 shares in the company, valued at $1,530,742.85. This trade represents a 32.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the sale, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 68,289 shares of company stock valued at $28,125,467. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Carlisle Companies

Institutional investors have recently made changes to their positions in the business. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies in the 4th quarter worth $27,000. Torren Management LLC acquired a new position in Carlisle Companies during the fourth quarter valued at $33,000. Osterweis Capital Management Inc. acquired a new position in Carlisle Companies during the second quarter valued at $36,000. Quarry LP purchased a new position in shares of Carlisle Companies during the 4th quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of Carlisle Companies by 43.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Company Profile

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.