Carlisle Companies (NYSE:CSL) Price Target Raised to $420.00

Carlisle Companies (NYSE:CSL) had its price target upped by JPMorgan Chase & Co. from $400.00 to $420.00 in a research report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the conglomerate’s stock.

A number of other equities research analysts also recently weighed in on the stock. Oppenheimer raised their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. William Blair assumed coverage on shares of Carlisle Companies in a report on Friday, January 30th. They issued a “market perform” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Finally, Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $399.17.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $353.01 on Monday. The firm has a market capitalization of $14.43 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.13 and a beta of 0.91. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. The stock’s 50-day simple moving average is $371.99 and its two-hundred day simple moving average is $348.22. Carlisle Companies has a twelve month low of $293.43 and a twelve month high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm posted $4.47 EPS. The company’s revenue was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.2%. Carlisle Companies’s dividend payout ratio is currently 25.72%.

Insider Buying and Selling at Carlisle Companies

In other news, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the sale, the chief financial officer directly owned 30,094 shares in the company, valued at approximately $12,279,555.76. The trade was a 44.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 36,260 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the completion of the sale, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at $46,810,324.44. This trade represents a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,289 shares of company stock valued at $28,125,467 over the last ninety days. Insiders own 1.50% of the company’s stock.

Institutional Trading of Carlisle Companies

Institutional investors have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $25,000. Traub Capital Management LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $28,000. Vermillion & White Wealth Management Group LLC grew its position in Carlisle Companies by 69.6% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 32 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new position in Carlisle Companies during the 4th quarter worth approximately $27,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.