Carlisle Companies (NYSE:CSL) Price Target Raised to $168.00
Carlisle Companies (NYSE:CSL) had its target price hoisted by equities researchers at Robert W. Baird from $165.00 to $168.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the conglomerate’s stock. Robert W. Baird’s price objective suggests a potential upside of 5.86% from the stock’s current price.
CSL has been the subject of several other research reports. Zacks Investment Research upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating and set a $164.00 price objective for the company in a research note on Thursday, October 24th. ValuEngine cut Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Oppenheimer upped their price objective on shares of Carlisle Companies from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $153.00.
Shares of NYSE CSL opened at $158.70 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 2.31. The stock’s fifty day moving average price is $155.62 and its two-hundred day moving average price is $143.63. Carlisle Companies has a one year low of $93.01 and a one year high of $163.42. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 1.27 and a beta of 0.99.
In other news, insider Nicholas J. Shears sold 6,570 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $149.00, for a total value of $978,930.00. Following the transaction, the insider now owns 20,783 shares in the company, valued at approximately $3,096,667. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Douglas Charles Taylor acquired 697 shares of Carlisle Companies stock in a transaction dated Thursday, September 12th. The stock was purchased at an average cost of $147.27 per share, for a total transaction of $102,647.19. Following the completion of the purchase, the vice president now owns 6,221 shares in the company, valued at approximately $916,166.67. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 69,673 shares of company stock valued at $10,911,340. Corporate insiders own 1.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of CSL. APG Asset Management N.V. bought a new position in Carlisle Companies during the second quarter worth $3,502,000. Fayez Sarofim & Co bought a new stake in Carlisle Companies during the second quarter worth $217,000. State Board of Administration of Florida Retirement System boosted its holdings in Carlisle Companies by 3.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 82,935 shares of the conglomerate’s stock worth $11,645,000 after acquiring an additional 3,133 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Carlisle Companies by 89.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 85,278 shares of the conglomerate’s stock worth $11,974,000 after acquiring an additional 40,320 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Carlisle Companies by 1.3% in the 2nd quarter. BlackRock Inc. now owns 5,197,725 shares of the conglomerate’s stock worth $729,812,000 after acquiring an additional 65,087 shares in the last quarter. Hedge funds and other institutional investors own 88.99% of the company’s stock.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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