Oppenheimer Raises Carlisle Companies (NYSE:CSL) Price Target to $505.00

Carlisle Companies (NYSE:CSL) had its price target raised by Oppenheimer from $480.00 to $505.00 in a report released on Tuesday, Benzinga reports. Oppenheimer currently has an outperform rating on the conglomerate’s stock.

CSL has been the topic of a number of other reports. Robert W. Baird lifted their price target on 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 shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $475.00.

Carlisle Companies Trading Down 9.0 %

Shares of NYSE:CSL opened at $417.26 on Tuesday. The business’s 50 day moving average price is $434.55 and its 200-day moving average price is $416.05. Carlisle Companies has a 1 year low of $236.42 and a 1 year high of $481.26. The firm has a market capitalization of $19.86 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, topping analysts’ consensus estimates of $5.77 by $0.01. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 earnings per share. On average, equities research analysts forecast that Carlisle Companies will post 20.57 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were given a dividend of $1.00 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.96%. Carlisle Companies’s payout ratio is presently 23.19%.

Insider Buying and Selling

In related news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carlisle Companies

A number of institutional investors have recently made changes to their positions in CSL. Diversify Advisory Services LLC boosted its position in shares of Carlisle Companies by 1.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock worth $719,000 after purchasing an additional 25 shares during the period. Traynor Capital Management Inc. boosted its position in shares of Carlisle Companies by 592.4% during the third quarter. Traynor Capital Management Inc. now owns 5,262 shares of the conglomerate’s stock worth $2,367,000 after buying an additional 4,502 shares during the period. Smith Group Asset Management LLC acquired a new stake in shares of Carlisle Companies in the third quarter valued at $1,097,000. Pallas Capital Advisors LLC purchased a new stake in shares of Carlisle Companies in the 3rd quarter valued at $216,000. Finally, Asahi Life Asset Management CO. LTD. purchased a new stake in Carlisle Companies during the 3rd quarter worth approximately $391,000. 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.