Robert W. Baird Cuts Carlisle Companies (NYSE:CSL) Price Target to $500.00

Carlisle Companies (NYSE:CSL - Get Free Report) had its price target lowered by stock analysts at Robert W. Baird from $506.00 to $500.00 in a research note issued on Friday, Benzinga reports. The firm presently has an "outperform" rating on the conglomerate's stock. Robert W. Baird's target price points to a potential upside of 19.83% from the company's previous close.

CSL has been the subject of several other reports. Oppenheimer boosted their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a research report on Tuesday. StockNews.com downgraded Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average target price of $475.00.

Carlisle Companies Stock Performance

CSL stock traded down $41.36 during midday trading on Friday, reaching $417.26. The company had a trading volume of 754,602 shares, compared to its average volume of 326,631. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $434.28 and a 200 day moving average price of $415.93. Carlisle Companies has a fifty-two week low of $236.42 and a fifty-two week high of $481.26. The firm has a market capitalization of $19.86 billion, a PE ratio of 24.19, a P/E/G ratio of 1.52 and a beta of 0.91.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, beating analysts' consensus estimates of $5.77 by $0.01. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $4.68 earnings per share. Carlisle Companies's quarterly revenue was up 5.9% compared to the same quarter last year. Analysts anticipate that Carlisle Companies will post 20.57 earnings per share for the current year.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the company's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ORG Partners LLC bought a new position in shares of Carlisle Companies in the second quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Carlisle Companies during the 2nd quarter valued at $32,000. ORG Wealth Partners LLC acquired a new stake in Carlisle Companies during the 3rd quarter valued at $32,000. Gilliland Jeter Wealth Management LLC acquired a new stake in Carlisle Companies during the 2nd quarter valued at $39,000. Finally, UMB Bank n.a. raised its stake in Carlisle Companies by 317.2% during the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock valued at $54,000 after purchasing an additional 92 shares during the period. Institutional investors 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.