Carlisle Companies (NYSE:CSL) Price Target Lowered to $420.00 at Oppenheimer

Carlisle Companies (NYSE:CSL) had its target price cut by Oppenheimer from $435.00 to $420.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the conglomerate’s stock.

A number of other equities research analysts have also recently weighed in on CSL. Robert W. Baird reduced their price target on shares of Carlisle Companies from $420.00 to $402.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. William Blair reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. JPMorgan Chase & Co. upped their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Carlisle Companies has an average rating of “Hold” and a consensus price target of $393.67.

Carlisle Companies Price Performance

Shares of CSL opened at $364.27 on Monday. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $435.92. The stock has a market cap of $14.89 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.16 and a beta of 0.95. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. The firm has a fifty day moving average price of $363.88 and a 200 day moving average price of $344.10.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company earned $4.47 earnings per share. Carlisle Companies’s quarterly revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carlisle Companies will post 20.74 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is presently 25.72%.

Insider Buying and Selling at Carlisle Companies

In other news, CEO D Christian Koch sold 36,260 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the sale, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the sale, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at $12,279,555.76. The trade was a 44.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 68,289 shares of company stock valued at $28,125,467 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CSL. Goldman Sachs Group Inc. increased its stake in shares of Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after acquiring an additional 28,414 shares during the period. Baird Financial Group Inc. increased its stake in shares of Carlisle Companies by 8.4% during the second quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after acquiring an additional 197 shares during the period. Jump Financial LLC acquired a new position in shares of Carlisle Companies during the second quarter worth about $1,345,000. Bank of Nova Scotia increased its stake in shares of Carlisle Companies by 118.6% during the second quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock worth $615,000 after acquiring an additional 893 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Carlisle Companies by 40.0% during the second quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock worth $43,088,000 after acquiring an additional 32,996 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

About Carlisle Companies

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.