Carlisle Companies (NYSE:CSL) Given New $460.00 Price Target at Loop Capital

Carlisle Companies (NYSE:CSL - Get Free Report) had its price objective decreased by research analysts at Loop Capital from $475.00 to $460.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the conglomerate's stock. Loop Capital's target price suggests a potential upside of 24.51% from the stock's previous close.

Several other research analysts have also issued reports on CSL. Robert W. Baird dropped their price objective on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Oppenheimer reissued an "outperform" rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $474.00.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded down $3.35 during trading hours on Friday, hitting $369.44. 324,163 shares of the stock were exchanged, compared to its average volume of 298,244. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies has a one year low of $297.25 and a one year high of $481.26. The company's 50 day moving average is $417.96 and its 200 day moving average is $421.53. The firm has a market capitalization 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 (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share 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 during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $4.68 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. On average, research analysts expect that Carlisle Companies will post 20.25 EPS for the current year.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CSL. FMR LLC lifted its position in shares of Carlisle Companies by 29.6% in 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 raised its holdings 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. acquired a new stake in Carlisle Companies during the second quarter worth about $65,041,000. Holocene Advisors LP raised its position in Carlisle Companies by 151.3% during the third 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 in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock worth $391,827,000 after buying an additional 102,436 shares during the last quarter. Institutional investors and hedge funds 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.