Carlisle Companies (NYSE:CSL) Cut to Sell at StockNews.com

StockNews.com lowered shares of Carlisle Companies (NYSE:CSL) from a hold rating to a sell rating in a report released on Monday.

A number of other analysts also recently weighed in on the company. Robert W. Baird boosted their target price on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Truist Financial lowered their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Finally, Loop Capital reduced their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $454.00.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $376.84 on Monday. Carlisle Companies has a one year low of $311.41 and a one year high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.03 and a beta of 0.94. The company’s fifty day moving average price is $342.27 and its 200-day moving average price is $386.45.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $3.72 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, equities research analysts anticipate that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares in the company, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mehul Patel sold 150 shares of the company’s stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carlisle Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of CSL. Diversify Advisory Services LLC grew its stake in shares of Carlisle Companies by 1.7% in the 4th quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate’s stock worth $586,000 after buying an additional 26 shares during the last quarter. GeoWealth Management LLC boosted its holdings in Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after acquiring an additional 29 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Carlisle Companies by 3.0% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate’s stock worth $489,000 after acquiring an additional 38 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Carlisle Companies by 2.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock valued at $535,000 after acquiring an additional 38 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in shares of Carlisle Companies by 6.4% in the 4th quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate’s stock worth $238,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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.