Carlisle Companies (NYSE:CSL) Given “Outperform” Rating at Oppenheimer

Carlisle Companies (NYSE:CSL)‘s stock had its “outperform” rating reiterated by investment analysts at Oppenheimer in a research note issued to investors on Friday,Benzinga reports. They currently have a $495.00 target price on the conglomerate’s stock, down from their previous target price of $505.00. Oppenheimer’s price objective would indicate a potential upside of 29.66% from the stock’s current price.

Several other analysts have also commented on CSL. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Robert W. Baird cut their price objective 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. Finally, Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $470.00.

Carlisle Companies Stock Performance

CSL stock traded up $3.88 during midday trading on Friday, reaching $381.76. The stock had a trading volume of 58,698 shares, compared to its average volume of 324,680. 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 firm has a fifty day simple moving average of $441.84 and a two-hundred day simple moving average of $425.68. The stock has a market cap of $17.30 billion, a PE ratio of 13.51, a P/E/G ratio of 1.41 and a beta of 0.92. Carlisle Companies has a 52-week low of $297.25 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL) last announced 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 analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $4.68 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that Carlisle Companies will post 20.25 EPS for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors have recently made changes to their positions in the stock. Retirement Systems of Alabama grew its holdings in Carlisle Companies by 0.4% in the third quarter. Retirement Systems of Alabama now owns 100,593 shares of the conglomerate’s stock valued at $45,242,000 after purchasing an additional 406 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Carlisle Companies by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock valued at $566,061,000 after purchasing an additional 16,303 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Carlisle Companies by 23.9% during the 3rd quarter. Tidal Investments LLC now owns 7,137 shares of the conglomerate’s stock valued at $3,210,000 after buying an additional 1,379 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of Carlisle Companies by 0.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,028 shares of the conglomerate’s stock worth $3,161,000 after buying an additional 59 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Carlisle Companies by 54.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,239 shares of the conglomerate’s stock worth $1,456,000 after buying an additional 1,142 shares during the period. 89.52% of the stock is 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.