Oppenheimer Raises Carlisle Companies (NYSE:CSL) Price Target to $505.00

Carlisle Companies (NYSE:CSL) had its price target raised by Oppenheimer from $480.00 to $505.00 in a research report sent to investors on Tuesday, Benzinga reports. Oppenheimer currently has an outperform rating on the conglomerate’s stock.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird upped their price target on Carlisle Companies from $500.00 to $506.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $476.50.

Carlisle Companies Stock Down 0.1 %

Carlisle Companies stock opened at $458.53 on Tuesday. The firm has a market capitalization of $21.83 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The firm’s fifty day moving average price is $434.28 and its two-hundred day moving average price is $415.93. Carlisle Companies has a 1-year low of $235.79 and a 1-year high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.18 EPS. On average, equities research analysts predict that Carlisle Companies will post 20.57 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is 23.19%.

Insider Activity

In related news, VP David W. Smith sold 600 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Truist Financial Corp raised its holdings in shares of Carlisle Companies by 0.8% in the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock worth $135,438,000 after purchasing an additional 2,545 shares during the period. TD Asset Management Inc raised its stake in shares of Carlisle Companies by 2,073.5% in the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after buying an additional 268,685 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of Carlisle Companies by 2.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after buying an additional 6,613 shares during the last quarter. Zurich Insurance Group Ltd FI grew its stake in shares of Carlisle Companies by 1.9% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 191,738 shares of the conglomerate’s stock worth $77,694,000 after acquiring an additional 3,504 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Carlisle Companies by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock worth $71,375,000 after acquiring an additional 4,017 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

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.