Carlisle Companies (NYSE:CSL) Given New $420.00 Price Target at JPMorgan Chase & Co.

Carlisle Companies (NYSE:CSL) had its target price raised by research analysts at JPMorgan Chase & Co. from $400.00 to $420.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the conglomerate’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 22.68% from the company’s current price.

CSL has been the topic of several other research reports. William Blair initiated coverage on Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock. Oppenheimer upped their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $399.17.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded down $12.21 during trading on Monday, reaching $342.35. 301,848 shares of the stock were exchanged, compared to its average volume of 456,804. Carlisle Companies has a 12 month low of $293.43 and a 12 month high of $435.92. The stock has a 50-day moving average price of $370.23 and a 200-day moving average price of $348.70. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The firm has a market cap of $14.00 billion, a PE ratio of 20.01, a PEG ratio of 1.13 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $4.47 earnings per share. Research analysts expect that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP David W. Smith sold 1,800 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total value of $745,290.00. Following the transaction, the vice president owned 3,697 shares in the company, valued at approximately $1,530,742.85. This trade represents a 32.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the transaction, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This trade represents a 44.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 68,289 shares of company stock worth $28,125,467 over the last three months. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SHP Wealth Management bought a new position in Carlisle Companies in the fourth quarter valued at approximately $52,000. Employees Provident Fund Board bought a new stake in Carlisle Companies during the fourth quarter worth $16,793,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Carlisle Companies by 231.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the conglomerate’s stock valued at $179,000 after purchasing an additional 391 shares in the last quarter. MidFirst Bank bought a new position in shares of Carlisle Companies in the 4th quarter valued at $148,000. Finally, River Road Asset Management LLC raised its holdings in shares of Carlisle Companies by 28.9% during the 4th quarter. River Road Asset Management LLC now owns 330,729 shares of the conglomerate’s stock worth $105,787,000 after buying an additional 74,071 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.