Oppenheimer Reaffirms Outperform Rating for Carlisle Companies (NYSE:CSL)

Carlisle Companies (NYSE:CSL)‘s stock had its “outperform” rating reissued by equities research analysts at Oppenheimer in a note issued to investors on Friday,Benzinga reports. They currently have a $495.00 price target on the conglomerate’s stock, down from their prior price target of $505.00. Oppenheimer’s price objective would suggest a potential upside of 29.66% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Robert W. Baird cut their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $470.00.

Carlisle Companies Stock Up 1.0 %

NYSE:CSL traded up $3.88 on Friday, reaching $381.76. 58,698 shares of the stock traded hands, compared to its average volume of 324,680. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.41 and a beta of 0.92. Carlisle Companies has a 12 month low of $297.25 and a 12 month high of $481.26. The company’s fifty day simple moving average is $441.84 and its 200 day simple moving average is $425.68.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.68 earnings per share. Equities analysts predict that Carlisle Companies will post 20.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.

Institutional Trading of Carlisle Companies

A number of institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies during the third quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new position in shares of Carlisle Companies during the third quarter worth $32,000. True Wealth Design LLC lifted its holdings in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 70 shares during the last quarter. UMB Bank n.a. grew its stake in Carlisle Companies by 317.2% during the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after buying an additional 92 shares during the last quarter. Finally, Quarry LP increased its position in Carlisle Companies by 75.0% during the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

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.