The Goldman Sachs Group Cuts Carlisle Companies (NYSE:CSL) Price Target to $465.00

Carlisle Companies (NYSE:CSL) had its target price lowered by The Goldman Sachs Group from $520.00 to $465.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the conglomerate’s stock.

Several other research analysts also recently commented on CSL. Robert W. Baird dropped their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Loop Capital cut their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Oppenheimer restated an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Truist Financial started coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Carlisle Companies Stock Performance

CSL opened at $394.99 on Tuesday. The stock has a 50-day moving average of $413.56 and a 200-day moving average of $420.58. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies has a 52-week low of $299.98 and a 52-week high of $481.26. The company has a market cap of $17.91 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.68 EPS. As a group, equities research analysts forecast that Carlisle Companies will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 1.01%. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Insider Buying and Selling

In other news, VP David W. Smith sold 275 shares of the business’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 value of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carlisle Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after purchasing an additional 218,002 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Carlisle Companies by 6,405.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock worth $80,757,000 after buying an additional 176,799 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in Carlisle Companies during the 2nd quarter worth about $65,041,000. Holocene Advisors LP raised its stake in shares of Carlisle Companies by 151.3% in the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock worth $79,594,000 after acquiring an additional 106,539 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after purchasing an additional 102,436 shares in the last quarter. 89.52% of the stock is 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.