Loop Capital Cuts Carlisle Companies (NYSE:CSL) Price Target to $460.00

Carlisle Companies (NYSE:CSL) had its target price reduced by Loop Capital from $475.00 to $460.00 in a report published on Friday morning,Benzinga reports. Loop Capital currently has a buy rating on the conglomerate’s stock.

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

Carlisle Companies Trading Down 0.9 %

Shares of CSL opened at $369.44 on Friday. Carlisle Companies has a 1-year low of $297.25 and a 1-year high of $481.26. The company has a market capitalization of $16.75 billion, a P/E 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. The firm’s 50 day simple moving average is $416.90 and its 200 day simple moving average is $421.23.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business posted $4.68 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that Carlisle Companies will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, November 15th. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the 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 completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Tilia Fiduciary Partners Inc. increased its position in shares of Carlisle Companies by 3.7% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 7,211 shares of the conglomerate’s stock valued at $2,660,000 after acquiring an additional 254 shares during the period. Harbor Capital Advisors Inc. raised its position in Carlisle Companies by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,141 shares of the conglomerate’s stock valued at $1,527,000 after purchasing an additional 43 shares during the last quarter. Douglas Lane & Associates LLC purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $787,000. CWA Asset Management Group LLC grew its position in shares of Carlisle Companies by 26.4% in the 4th quarter. CWA Asset Management Group LLC now owns 4,364 shares of the conglomerate’s stock worth $1,610,000 after buying an additional 911 shares during the last quarter. Finally, Pensionfund Sabic purchased a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $1,291,000. 89.52% of the stock is owned by hedge funds and other 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.