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.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 22nd. The conglomerate reported $2.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.13. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. Carlisle Companies had a return on equity of 17.99% and a net margin of 9.66%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 earnings per share. On average, equities analysts anticipate that Carlisle Companies will post 8.19 earnings per share for the current fiscal year.

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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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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