Loop Capital Lowers Carlisle Companies (NYSE:CSL) Price Target to $460.00

Carlisle Companies (NYSE:CSL) had its target price lowered by stock analysts at Loop Capital from $475.00 to $460.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. Loop Capital’s price target indicates a potential upside of 25.23% from the stock’s current price.

Several other equities analysts have also issued reports on CSL. Robert W. Baird decreased their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Oppenheimer reiterated an “outperform” rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $474.00.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded down $5.48 on Friday, reaching $367.31. 107,535 shares of the company’s stock were exchanged, compared to its average volume of 260,778. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. Carlisle Companies has a twelve month low of $297.25 and a twelve month high of $481.26. The company has a fifty day moving average of $417.96 and a 200-day moving average of $421.53. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 1.41 and a beta of 0.96.

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

Insiders Place Their Bets

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

Institutional Trading of Carlisle Companies

A number of institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $197,000. Choreo LLC acquired a new stake in Carlisle Companies in the second quarter worth $259,000. American Century Companies Inc. increased its stake in Carlisle Companies by 18.7% in the second quarter. American Century Companies Inc. now owns 74,021 shares of the conglomerate’s stock valued at $29,994,000 after purchasing an additional 11,668 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of Carlisle Companies during the second quarter valued at about $848,000. Finally, Achmea Investment Management B.V. boosted its position in shares of Carlisle Companies by 148.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 6,674 shares of the conglomerate’s stock worth $2,704,000 after purchasing an additional 3,990 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Company Profile

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.