Oppenheimer Raises Carlisle Companies (NYSE:CSL) Price Target to $188.00

Carlisle Companies (NYSE:CSL) had its price objective raised by Oppenheimer from $175.00 to $188.00 in a report released on Monday, The Fly reports. Oppenheimer currently has an outperform rating on the conglomerate’s stock. Oppenheimer also issued estimates for Carlisle Companies’ Q1 2021 earnings at $0.64 EPS, Q2 2021 earnings at $1.64 EPS, Q3 2021 earnings at $2.54 EPS, Q4 2021 earnings at $2.10 EPS, FY2021 earnings at $6.90 EPS and FY2022 earnings at $8.70 EPS.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Carlisle Companies from a hold rating to a sell rating and set a $177.00 target price for the company. in a research note on Tuesday, April 6th. Loop Capital upgraded Carlisle Companies from a hold rating to a buy rating and increased their target price for the stock from $160.00 to $184.00 in a research note on Wednesday, March 31st. Finally, Longbow Research lowered Carlisle Companies from a buy rating to a neutral rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $166.29.

NYSE:CSL opened at $171.78 on Monday. The company has a market cap of $9.05 billion, a PE ratio of 28.16, a PEG ratio of 1.45 and a beta of 0.96. The stock has a 50-day simple moving average of $159.82 and a 200 day simple moving average of $148.08. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.52 and a current ratio of 3.31. Carlisle Companies has a 52-week low of $97.55 and a 52-week high of $173.88.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, February 3rd. The conglomerate reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.33. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. Carlisle Companies had a net margin of 7.91% and a return on equity of 14.60%. On average, research analysts predict that Carlisle Companies will post 6.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Friday, February 19th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, February 18th. This represents a $2.10 dividend on an annualized basis and a yield of 1.22%. Carlisle Companies’s dividend payout ratio is currently 25.33%.

In other news, insider Karl Ted Messmer sold 13,022 shares of the stock in a transaction on Friday, February 19th. The shares were sold at an average price of $150.18, for a total transaction of $1,955,643.96. Following the completion of the sale, the insider now directly owns 18,178 shares in the company, valued at $2,729,972.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John E. Berlin sold 15,554 shares of the company’s stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $150.46, for a total transaction of $2,340,254.84. Following the sale, the insider now directly owns 34,216 shares in the company, valued at approximately $5,148,139.36. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC acquired a new position in Carlisle Companies during the fourth quarter worth $27,000. Inspire Advisors LLC purchased a new position in Carlisle Companies in the fourth quarter valued at about $62,000. TD Ameritrade Investment Management LLC purchased a new position in shares of Carlisle Companies during the 4th quarter valued at $81,000. Graves Light Private Wealth Management Inc. bought a new position in shares of Carlisle Companies during the 4th quarter worth $99,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $102,000. 90.14% of the stock is currently owned by institutional investors.

About Carlisle Companies

Carlisle Cos., Inc engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction.

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