StockNews.com initiated coverage on shares of Carlisle Companies (NYSE:CSL – Get Rating) in a research note issued on Thursday. The brokerage set a “buy” rating on the conglomerate’s stock.
CSL has been the subject of a number of other research reports. Wells Fargo & Company upped their price target on Carlisle Companies from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. Robert W. Baird increased their price target on Carlisle Companies from $315.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $331.00.
Carlisle Companies Trading Down 6.2 %
Carlisle Companies stock opened at $222.63 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.39 and a debt-to-equity ratio of 0.75. The business’s fifty day simple moving average is $249.70 and its two-hundred day simple moving average is $260.44. Carlisle Companies has a 12 month low of $220.84 and a 12 month high of $318.71. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 0.66 and a beta of 0.94.
Insider Transactions at Carlisle Companies
In other Carlisle Companies news, CFO Kevin P. Zdimal sold 8,111 shares of Carlisle Companies stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $253.35, for a total transaction of $2,054,921.85. Following the completion of the sale, the chief financial officer now owns 30,515 shares of the company’s stock, valued at approximately $7,730,975.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
Hedge Funds Weigh In On Carlisle Companies
Institutional investors and hedge funds have recently modified their holdings of the stock. Coppell Advisory Solutions Corp. purchased a new position in shares of Carlisle Companies in the 4th quarter valued at about $29,000. Hanseatic Management Services Inc. purchased a new stake in shares of Carlisle Companies in the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Carlisle Companies in the third quarter valued at approximately $36,000. Belpointe Asset Management LLC purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $50,000. Finally, Alta Advisers Ltd acquired a new position in Carlisle Companies in the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 89.76% of the company’s stock.
About Carlisle Companies
Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT). The CCM segment offers a range of building envelope products for commercial, industrial, and residential buildings, including single-ply roofing, rigid foam insulation, spray polyurethane foam technologies, architectural metal, heating, ventilation and air conditioning (HVAC) hardware and sealants, below-grade waterproofing, and air and vapor barrier systems focused on the weatherproofing and thermal performance of the building envelope.
- Get a free copy of the StockNews.com research report on Carlisle Companies (CSL)
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