Carlisle Companies (NYSE:CSL) PT Raised to $440.00

Carlisle Companies (NYSE:CSLGet Free Report) had its price objective increased by equities research analysts at Loop Capital from $375.00 to $440.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. Loop Capital’s price target suggests a potential upside of 12.42% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Oppenheimer upped their price target on Carlisle Companies from $355.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird upped their price objective on Carlisle Companies from $365.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $357.50.

Read Our Latest Stock Analysis on Carlisle Companies

Carlisle Companies Trading Down 0.6 %

NYSE CSL opened at $391.38 on Monday. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. Carlisle Companies has a twelve month low of $203.65 and a twelve month high of $395.93. The firm has a market capitalization of $18.71 billion, a PE ratio of 25.68, a P/E/G ratio of 1.40 and a beta of 0.93. The stock’s 50 day moving average is $352.50 and its 200 day moving average is $305.44.

Carlisle Companies (NYSE:CSLGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.70. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company posted $3.92 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. Research analysts forecast that Carlisle Companies will post 18.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares in the company, valued at $30,114,169.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares in the company, valued at $30,114,169.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. Insiders sold a total of 15,255 shares of company stock worth $5,231,360 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carlisle Companies

A number of hedge funds have recently made changes to their positions in CSL. Moneta Group Investment Advisors LLC boosted its stake in shares of Carlisle Companies by 106,294.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,064,044 shares of the conglomerate’s stock worth $486,392,000 after acquiring an additional 2,062,104 shares during the period. Morgan Stanley boosted its stake in shares of Carlisle Companies by 323.0% in the fourth quarter. Morgan Stanley now owns 2,200,538 shares of the conglomerate’s stock worth $518,557,000 after acquiring an additional 1,680,274 shares during the period. Norges Bank bought a new position in shares of Carlisle Companies in the fourth quarter worth about $239,527,000. CI Private Wealth LLC bought a new position in shares of Carlisle Companies in the fourth quarter worth about $132,599,000. Finally, Ninety One UK Ltd boosted its stake in shares of Carlisle Companies by 13,576.1% in the third quarter. Ninety One UK Ltd now owns 527,761 shares of the conglomerate’s stock worth $136,827,000 after acquiring an additional 523,902 shares during the period. Institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

(Get Free Report)

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.

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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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