Oppenheimer Boosts Carlisle Companies (NYSE:CSL) Price Target to $430.00

Carlisle Companies (NYSE:CSL) had its target price increased by Oppenheimer from $412.00 to $430.00 in a report published on Friday, Benzinga reports. Oppenheimer currently has an outperform rating on the conglomerate’s stock.

CSL has been the topic of several other research reports. The Goldman Sachs Group assumed coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They set a buy rating and a $455.00 target price on the stock. Robert W. Baird lifted their target price on Carlisle Companies from $435.00 to $465.00 and gave the company an outperform rating in a research note on Friday. StockNews.com raised Carlisle Companies from a hold rating to a buy rating in a research note on Wednesday, February 7th. Finally, Loop Capital boosted their price target on Carlisle Companies from $375.00 to $440.00 and gave the company a buy rating in a research note on Monday, April 1st. One research 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. Based on data from MarketBeat, Carlisle Companies presently has an average rating of Moderate Buy and a consensus price target of $398.33.

Carlisle Companies Trading Down 1.0 %

NYSE:CSL opened at $396.67 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. Carlisle Companies has a fifty-two week low of $205.10 and a fifty-two week high of $415.00. The stock’s 50-day moving average is $372.96 and its two-hundred day moving average is $321.87. The stock has a market cap of $18.96 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.93.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.23% and a net margin of 17.13%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $993.06 million. As a group, equities research analysts forecast that Carlisle Companies will post 19.08 earnings per share for the current fiscal year.

Insider Activity at Carlisle Companies

In related news, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $30,114,169.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Lori A. Snyder sold 8,101 shares of the business’s stock in a transaction that occurred on 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 directly owns 5,212 shares in the company, valued at approximately $1,770,203.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $30,114,169.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,255 shares of company stock valued at $5,231,360. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carlisle Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commerce Bank lifted its holdings in Carlisle Companies by 1.4% in the 4th quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after purchasing an additional 34 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its holdings in shares of Carlisle Companies by 5.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock worth $265,000 after buying an additional 34 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after buying an additional 40 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Carlisle Companies by 2.1% during the third quarter. Coldstream Capital Management Inc. now owns 1,958 shares of the conglomerate’s stock worth $508,000 after buying an additional 41 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Carlisle Companies by 5.5% during the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock worth $308,000 after buying an additional 41 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

About Carlisle Companies

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.