Carlisle Companies' (CSL) "Outperform" Rating Reiterated at Oppenheimer

Carlisle Companies (NYSE:CSL - Get Free Report)'s stock had its "outperform" rating restated by Oppenheimer in a research note issued on Friday,Benzinga reports. They presently have a $495.00 price objective on the conglomerate's stock, down from their previous price objective of $505.00. Oppenheimer's target price points to a potential upside of 30.86% from the company's previous close.

A number of other equities research analysts have also recently weighed in on CSL. Truist Financial initiated coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 price target for the company. StockNews.com lowered Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird lowered their price target on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average price target of $470.00.

Carlisle Companies Trading Up 0.1 %

CSL traded up $0.39 during trading hours on Friday, reaching $378.27. The company's stock had a trading volume of 1,056,754 shares, compared to its average volume of 328,795. The stock has a market cap of $17.15 billion, a PE ratio of 13.39, a P/E/G ratio of 1.41 and a beta of 0.92. Carlisle Companies has a fifty-two week low of $297.25 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The business's 50-day moving average is $441.84 and its 200-day moving average is $425.68.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.68 earnings per share. As a group, equities research analysts predict that Carlisle Companies will post 20.25 earnings per share for the current fiscal year.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the firm's 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. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carlisle Companies

Large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in Carlisle Companies during the third quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at $32,000. True Wealth Design LLC lifted its position in Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after acquiring an additional 70 shares during the last quarter. UMB Bank n.a. boosted its stake in Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock valued at $54,000 after acquiring an additional 92 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate's stock valued at $60,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other 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.