Carlisle Companies (NYSE:CSL) Price Target Increased to $505.00 by Analysts at Oppenheimer

Carlisle Companies (NYSE:CSL) had its price objective raised by Oppenheimer from $480.00 to $505.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have an outperform rating on the conglomerate’s stock.

Other analysts have also recently issued reports about the stock. Robert W. Baird increased their target price on shares of Carlisle Companies from $500.00 to $506.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $476.50.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $458.53 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. Carlisle Companies has a fifty-two week low of $235.79 and a fifty-two week high of $481.26. The stock has a market cap of $21.83 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The stock has a fifty day moving average of $434.28 and a 200-day moving average of $415.93.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the business posted $5.18 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Carlisle Companies will post 20.57 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a $1.00 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is presently 23.19%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carlisle Companies

Several institutional investors and hedge funds have recently made changes to their positions in CSL. CANADA LIFE ASSURANCE Co boosted its position in Carlisle Companies by 7.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after buying an additional 4,692 shares during the period. Daiwa Securities Group Inc. lifted its position in Carlisle Companies by 51.2% in the first quarter. Daiwa Securities Group Inc. now owns 13,045 shares of the conglomerate’s stock valued at $5,112,000 after purchasing an additional 4,415 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Carlisle Companies by 887.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,891 shares of the conglomerate’s stock valued at $5,443,000 after purchasing an additional 12,484 shares during the period. Silver Lake Advisory LLC bought a new position in shares of Carlisle Companies in the second quarter worth approximately $608,000. Finally, Empowered Funds LLC increased its stake in shares of Carlisle Companies by 1,523.0% in the first quarter. Empowered Funds LLC now owns 11,020 shares of the conglomerate’s stock worth $4,318,000 after buying an additional 10,341 shares during the period. Institutional investors own 89.52% of the company’s stock.

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.