Carlisle Companies (NYSE:CSL) Price Target Cut to $460.00 by Analysts at Loop Capital

Carlisle Companies (NYSE:CSL) had its price objective lowered by Loop Capital from $475.00 to $460.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the conglomerate’s stock.

Several other brokerages have also commented on CSL. Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Oppenheimer restated an “outperform” rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Robert W. Baird reduced their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $474.00.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $369.44 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The firm has a market cap of $16.75 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.41 and a beta of 0.96. Carlisle Companies has a 1-year low of $297.25 and a 1-year high of $481.26. The firm has a 50-day moving average of $417.96 and a 200-day moving average of $421.53.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The business 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.68 earnings per share. Sell-side analysts expect that Carlisle Companies will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

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

Insider Activity

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 completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Carlisle Companies

Institutional investors have recently modified their holdings of the stock. FMR LLC grew its holdings 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 buying an additional 218,002 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Carlisle Companies by 6,405.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock valued at $80,757,000 after acquiring an additional 176,799 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in Carlisle Companies during the 2nd quarter valued at $65,041,000. Holocene Advisors LP boosted its stake in Carlisle Companies by 151.3% during the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock valued at $79,594,000 after purchasing an additional 106,539 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after purchasing an additional 102,436 shares during 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.