Loop Capital Issues Pessimistic Forecast for Carlisle Companies (NYSE:CSL) Stock Price

Carlisle Companies (NYSE:CSL) had its price target cut by equities research analysts at Loop Capital from $475.00 to $460.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. Loop Capital’s target price suggests a potential upside of 24.51% from the company’s current price.

A number of other analysts have also recently issued reports on CSL. Robert W. Baird dropped their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $474.00.

Carlisle Companies Stock Down 0.9 %

Shares of NYSE CSL opened at $369.44 on Friday. The business’s fifty day moving average price is $416.90 and its 200-day moving average price is $421.17. The stock has a market capitalization of $16.75 billion, a PE ratio of 13.07, a P/E/G ratio of 1.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies has a one year low of $297.25 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The company 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% on a year-over-year basis. During the same period last year, the company posted $4.68 EPS. On average, equities research analysts anticipate that Carlisle Companies will post 20.25 EPS for the current year.

Insider Activity

In related news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in Carlisle Companies during the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new position in Carlisle Companies during the 3rd quarter worth approximately $32,000. True Wealth Design LLC grew its position in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares during the last quarter. UMB Bank n.a. grew its position in shares of Carlisle Companies by 317.2% in the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after buying an additional 92 shares during the last quarter. Finally, Quarry LP grew its position in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after buying an additional 57 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

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.