Carlisle Companies (NYSE:CSL) Given New $500.00 Price Target at Robert W. Baird

Carlisle Companies (NYSE:CSL - Get Free Report) had its target price lifted by Robert W. Baird from $465.00 to $500.00 in a report issued on Monday, Benzinga reports. The firm currently has an "outperform" rating on the conglomerate's stock. Robert W. Baird's target price points to a potential upside of 16.03% from the stock's previous close.

Several other analysts have also recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Loop Capital raised their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a "buy" rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group began coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They issued a "buy" rating and a $455.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $423.00.

Carlisle Companies Stock Performance

Carlisle Companies stock traded up $0.37 during midday trading on Monday, hitting $430.91. The company's stock had a trading volume of 338,299 shares, compared to its average volume of 314,405. Carlisle Companies has a 1-year low of $235.79 and a 1-year high of $440.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. The company has a 50-day moving average price of $415.16 and a two-hundred day moving average price of $374.25. The company has a market cap of $20.51 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.44 and a beta of 0.90.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $993.06 million. As a group, sell-side analysts predict that Carlisle Companies will post 19.93 earnings per share for the current year.

Insider Activity at Carlisle Companies

In related news, CEO D Christian Koch sold 54,927 shares of Carlisle Companies stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the sale, the chief executive officer now directly owns 86,652 shares of the company's stock, valued at approximately $36,399,039.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO D Christian Koch sold 54,927 shares of Carlisle Companies stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the sale, the chief executive officer now directly owns 86,652 shares of the company's stock, valued at approximately $36,399,039.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David W. Smith sold 2,037 shares of Carlisle Companies stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $405.58, for a total transaction of $826,166.46. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,149,413.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,059 shares of company stock valued at $24,334,065. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Carlisle Companies

Several hedge funds have recently added to or reduced their stakes in CSL. Walleye Capital LLC boosted its position in Carlisle Companies by 33.2% during the 3rd quarter. Walleye Capital LLC now owns 6,582 shares of the conglomerate's stock worth $1,706,000 after buying an additional 1,640 shares during the period. DNB Asset Management AS lifted its position in shares of Carlisle Companies by 11.8% in the 4th quarter. DNB Asset Management AS now owns 14,281 shares of the conglomerate's stock worth $4,462,000 after purchasing an additional 1,505 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Carlisle Companies in the 4th quarter worth approximately $1,093,000. Dfpg Investments LLC lifted its position in shares of Carlisle Companies by 4.8% in the 4th quarter. Dfpg Investments LLC now owns 1,561 shares of the conglomerate's stock worth $471,000 after purchasing an additional 72 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Carlisle Companies by 5.2% in the 4th quarter. Nordea Investment Management AB now owns 3,567 shares of the conglomerate's stock worth $1,118,000 after purchasing an additional 176 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.