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

Carlisle Companies (NYSE:CSL) had its target price reduced by Loop Capital from $475.00 to $460.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the conglomerate’s stock.

CSL has been the topic of a number of other reports. Robert W. Baird dropped their price target 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. Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Finally, Oppenheimer reiterated an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $474.00.

Carlisle Companies Stock Down 0.9 %

CSL stock opened at $369.44 on Friday. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 1.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The business’s 50 day moving average price is $416.90 and its two-hundred day moving average price is $421.23. Carlisle Companies has a fifty-two week low of $297.25 and a fifty-two week high of $481.26.

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

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Insider Activity

In other news, VP David W. Smith sold 275 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Carlisle Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC lifted its holdings in shares of Carlisle Companies by 44.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock valued at $22,971,000 after buying an additional 17,472 shares during the period. KBC Group NV increased its position in Carlisle Companies by 34.9% during the third quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock valued at $4,788,000 after acquiring an additional 2,752 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after acquiring an additional 102,436 shares during the period. Quest Partners LLC boosted its position in Carlisle Companies by 624.8% in the third quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock worth $2,090,000 after purchasing an additional 4,005 shares during the last quarter. Finally, Pensionfund Sabic bought a new stake in shares of Carlisle Companies during the 4th quarter valued at about $1,291,000. Hedge funds and other 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.