Carlisle Companies Incorporated (NYSE:CSL) Receives $416.00 Consensus Target Price from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $416.00.

A number of equities research analysts recently issued reports on the company. Robert W. Baird raised their price target on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Loop Capital increased their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. The Goldman Sachs Group began coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Oppenheimer boosted their price target on Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 2,037 shares of Carlisle Companies stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $405.58, for a total transaction of $826,166.46. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,149,413.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the sale, the chief accounting officer now owns 1,624 shares in the company, valued at $645,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David W. Smith sold 2,037 shares of Carlisle Companies stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $405.58, for a total value of $826,166.46. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $1,149,413.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,059 shares of company stock valued at $24,334,065. 1.50% of the stock is owned by insiders.

Institutional Trading of Carlisle Companies

Several institutional investors and hedge funds have recently made changes to their positions in CSL. Norges Bank acquired a new position in shares of Carlisle Companies during the fourth quarter worth $159,187,000. Pacer Advisors Inc. increased its position in Carlisle Companies by 5,351.1% in the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after acquiring an additional 413,691 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in shares of Carlisle Companies by 666.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock valued at $71,218,000 after purchasing an additional 198,191 shares during the period. Wellington Management Group LLP lifted its stake in shares of Carlisle Companies by 1,074.0% in the 4th quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after acquiring an additional 139,054 shares during the period. Finally, Morgan Stanley boosted its stake in Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after buying an additional 90,597 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Up 0.0 %

NYSE CSL opened at $423.61 on Tuesday. Carlisle Companies has a 12 month low of $207.91 and a 12 month high of $429.60. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. The stock has a market cap of $20.16 billion, a PE ratio of 24.56, a P/E/G ratio of 1.43 and a beta of 0.90. The stock’s 50 day moving average is $393.42 and its 200 day moving average is $340.77.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. Research analysts predict that Carlisle Companies will post 19.91 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a $0.85 dividend. The ex-dividend date is Friday, May 17th. This represents a $3.40 annualized dividend and a dividend yield of 0.80%. Carlisle Companies’s dividend payout ratio (DPR) is 19.71%.

Carlisle Companies Company Profile

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.