Carlisle Companies (NYSE:CSL) Price Target Lowered to $465.00 at The Goldman Sachs Group

Carlisle Companies (NYSE:CSL) had its target price dropped by research analysts at The Goldman Sachs Group from $520.00 to $465.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 19.87% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Truist Financial began coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. Robert W. Baird cut their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Oppenheimer restated an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Loop Capital cut their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Stock Up 1.6 %

Shares of CSL opened at $387.93 on Tuesday. The business’s 50 day simple moving average is $414.81 and its 200-day simple moving average is $420.81. Carlisle Companies has a 1 year low of $297.25 and a 1 year high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business earned $4.68 EPS. Carlisle Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities analysts expect that Carlisle Companies will post 20.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Carlisle Companies

Several large investors have recently added to or reduced their stakes in CSL. FMR LLC raised its stake in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after acquiring an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in Carlisle Companies by 6,405.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock worth $80,757,000 after purchasing an additional 176,799 shares during the period. Epoch Investment Partners Inc. bought a new stake in Carlisle Companies during the 2nd quarter valued at $65,041,000. Holocene Advisors LP lifted its holdings in shares of Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock worth $79,594,000 after buying an additional 106,539 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after buying an additional 102,436 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other 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.