The Goldman Sachs Group Lowers 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 note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the conglomerate’s stock.

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

Carlisle Companies Price Performance

Carlisle Companies stock opened at $382.17 on Tuesday. The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.38 and a beta of 0.92. The stock’s 50 day moving average is $415.87 and its 200-day moving average is $420.97. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. Carlisle Companies has a 12 month low of $297.25 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $4.68 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that Carlisle Companies will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carlisle Companies

A number of institutional investors have recently modified their holdings of CSL. Driehaus Capital Management LLC grew its position in Carlisle Companies by 44.6% in the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock valued at $22,971,000 after acquiring an additional 17,472 shares during the last quarter. KBC Group NV boosted its stake in shares of Carlisle Companies by 34.9% in the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock valued at $4,788,000 after purchasing an additional 2,752 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares in the last quarter. Pensionfund Sabic bought a new stake in shares of Carlisle Companies during the 4th quarter valued at approximately $1,291,000. Finally, Quest Partners LLC increased its position in Carlisle Companies by 624.8% during the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock worth $2,090,000 after purchasing an additional 4,005 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.