Carlisle Companies (NYSE:CSL) Stock Rating Upgraded by StockNews.com

Carlisle Companies (NYSE:CSL) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other research analysts have also issued reports about the company. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Loop Capital reduced their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Robert W. Baird raised their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Truist Financial lowered their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Finally, The Goldman Sachs Group cut their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Moderate Buy” and a consensus price target of $454.00.

Carlisle Companies Trading Down 0.2 %

NYSE CSL opened at $384.64 on Tuesday. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. Carlisle Companies has a one year low of $311.41 and a one year high of $481.26. The company’s 50 day moving average price is $348.67 and its 200 day moving average price is $383.36.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $3.72 EPS. On average, sell-side analysts predict that Carlisle Companies will post 22.31 EPS for the current year.

Insider Buying and Selling

In related news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Carlisle Companies

A number of large investors have recently bought and sold shares of the stock. Pensionfund Sabic purchased a new stake in shares of Carlisle Companies in the fourth quarter worth approximately $1,291,000. Nordea Investment Management AB grew its stake in Carlisle Companies by 3.9% in the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock valued at $1,440,000 after buying an additional 145 shares in the last quarter. Moody National Bank Trust Division bought a new stake in shares of Carlisle Companies during the fourth quarter valued at about $872,000. Asset Management One Co. Ltd. grew its position in shares of Carlisle Companies by 5.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate’s stock valued at $7,695,000 after purchasing an additional 1,102 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Carlisle Companies by 2.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock worth $535,000 after purchasing an additional 38 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Company Profile

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.