JPMorgan Chase & Co. Issues Positive Forecast for Carlisle Companies (NYSE:CSL) Stock Price

Carlisle Companies (NYSE:CSL) had its price target raised by JPMorgan Chase & Co. from $400.00 to $420.00 in a research report released on Monday,Benzinga reports. They currently have an overweight rating on the conglomerate’s stock.

CSL has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. William Blair assumed coverage on Carlisle Companies in a research report on Friday, January 30th. They issued a “market perform” rating for the company. Oppenheimer upped their target price on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and an average target price of $399.17.

Carlisle Companies Price Performance

CSL stock opened at $352.81 on Monday. The firm has a 50 day simple moving average of $370.75 and a two-hundred day simple moving average of $348.50. The stock has a market cap of $14.42 billion, a PE ratio of 20.62, a P/E/G ratio of 1.13 and a beta of 0.91. Carlisle Companies has a one year low of $293.43 and a one year high of $435.92. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49.

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

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were paid 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 payout ratio is 25.72%.

Insider Buying and Selling

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the sale, the chief financial officer owned 30,094 shares in the company, valued at approximately $12,279,555.76. The trade was a 44.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,564,254.40. This trade represents a 41.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 68,289 shares of company stock valued at $28,125,467. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Carlisle Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSL. SHP Wealth Management bought a new position in shares of Carlisle Companies during the fourth quarter valued at about $52,000. Employees Provident Fund Board purchased a new stake in shares of Carlisle Companies during the fourth quarter worth about $16,793,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Carlisle Companies by 231.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the conglomerate’s stock worth $179,000 after purchasing an additional 391 shares during the last quarter. MidFirst Bank purchased a new position in Carlisle Companies during the 4th quarter valued at about $148,000. Finally, River Road Asset Management LLC increased its holdings in Carlisle Companies by 28.9% during the 4th quarter. River Road Asset Management LLC now owns 330,729 shares of the conglomerate’s stock valued at $105,787,000 after purchasing an additional 74,071 shares during the period. 89.52% of the stock is currently owned by institutional investors.

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.