Carlisle Companies (NYSE:CSL) Price Target Cut to $402.00 by Analysts at Robert W. Baird

Carlisle Companies (NYSE:CSL) had its price target reduced by investment analysts at Robert W. Baird from $420.00 to $402.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the conglomerate’s stock. Robert W. Baird’s price target suggests a potential upside of 12.36% from the stock’s previous close.

Several other analysts have also issued reports on the company. Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. JPMorgan Chase & Co. increased their target price on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Finally, Oppenheimer upped their price objective on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $396.17.

Carlisle Companies Stock Up 0.3%

CSL opened at $357.77 on Wednesday. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $435.92. The stock’s fifty day simple moving average is $367.51 and its 200 day simple moving average is $343.42. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The stock has a market cap of $14.63 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm posted $4.47 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts expect that Carlisle Companies will post 22.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kevin P. Zdimal sold 24,180 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the sale, the chief financial officer owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the sale, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at $46,810,324.44. This represents a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 68,289 shares of company stock valued at $28,125,467 over the last three months. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Carlisle Companies

Large investors have recently added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. acquired a new stake in Carlisle Companies during the fourth quarter worth approximately $27,000. Osterweis Capital Management Inc. acquired a new stake in Carlisle Companies in the second quarter valued at approximately $36,000. Torren Management LLC acquired a new stake in Carlisle Companies in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. grew its stake in Carlisle Companies by 43.0% in the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after acquiring an additional 34 shares during the period. Finally, Quarry LP acquired a new stake in Carlisle Companies in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.