Carlisle Companies (NYSE:CSL) Given New $430.00 Price Target at Oppenheimer

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

Other analysts have also issued research reports about the stock. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They issued a buy rating and a $455.00 price objective on the stock. Loop Capital boosted 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. StockNews.com upgraded shares of Carlisle Companies from a hold rating to a buy rating in a report on Wednesday, February 7th. Finally, Robert W. Baird boosted their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an outperform rating in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $398.33.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $400.92 on Friday. The company’s fifty day simple moving average is $371.87 and its 200-day simple moving average is $320.12. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. The firm has a market cap of $19.16 billion, a PE ratio of 23.24, a P/E/G ratio of 1.36 and a beta of 0.93. Carlisle Companies has a 12 month low of $205.10 and a 12 month high of $415.00.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 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 analyst estimates of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.23%. Equities research analysts expect that Carlisle Companies will post 18.72 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.85 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.40 annualized dividend and a dividend yield of 0.85%. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 700 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $959,422.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP David W. Smith sold 700 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $959,422.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lori A. Snyder sold 8,101 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the sale, the insider now directly 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 have sold a total of 15,255 shares of company stock worth $5,231,360 over the last ninety days. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its position in shares of Carlisle Companies by 88.9% in the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 40 shares during the period. V Square Quantitative Management LLC bought a new stake in Carlisle Companies during the fourth quarter worth about $31,000. Principal Securities Inc. bought a new stake in Carlisle Companies during the fourth quarter worth about $32,000. Sound Income Strategies LLC lifted its position in Carlisle Companies by 564.7% during the first quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after purchasing an additional 96 shares during the period. Finally, Rise Advisors LLC bought a new stake in Carlisle Companies during the first quarter worth about $48,000. Institutional investors own 89.52% of the company’s stock.

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.