Investors Should Take Note Of Carlisle Companies Incorporated (CSL)

The Vanguard Group, Inc. has recently announced that it has increased stake in Carlisle Companies Incorporated (NYSE:CSL) by 1.96%. After grabbing 5.24 million shares, the institutional investor is now in possession of 0.1 million shares of the Industrials Company. The new investment brought the stake of investor firm to 10.14% having worth around $1.38 billion. Moreover, BlackRock Fund Advisors increased its share by 45589.0 to have a control over 4.11 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.17 million shares by acquiring 2.08 million shares or 4.02% of the stake.

Carlisle Companies Incorporated (CSL) concluded trading on 01/11/23 at a closing price of $246.24, with 0.45 million shares of worth about $111.39 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.44% during that period and on Wednesday the price saw a gain of about 3.09%. Currently the company’s common shares owned by public are about 51.90M shares, out of which, 51.30M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the CSL stock and their offered price forecasts bring an average price target of $345.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $360.00 and could fall to a lowest price of $325.00. The stock’s current price level is 28.63% above of average price target set by the analysts, while a rise to estimated low would result in gain of 24.23% for the stock. However, touching the estimated high of $360.00 would mean a gain of 31.6% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 53 times over the past 12 months. They bought 144,039 shares in 32 of the transactions. In 21 selling transactions, insiders dumped 132,646 shares.

iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Eaton Vance Atlanta Capital SMID are the top 3 mutual funds which are holding stakes in Carlisle Companies Incorporated iShares Core S&P Mid Cap ETF is currently holding 1.57 million shares of worth totaling $413.68 million. The company recently came selling 301.0 shares which brought its stake up to 3.04% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 11642.0 shares, after which its hold over company’s outstanding shares expand to 3.02%, leaving 1.56 million shares with the mutual fund that have a worth of about $410.53 million. Eaton Vance Atlanta Capital SMID, after buying 1.37 million shares, have now control over 2.65% of the stake in the company. It holds 0.0 shares of worth $361.01 million.

Carlisle Companies Incorporated (NYSE: CSL) started trading at $240.00, above $1.15 from concluding price of the previous day. However, the stock later moved at a day high price of 246.74, or with a gain of 3.09%. Stock saw a price change of 3.36% in past 5 days and over the past one month there was a price change of -0.84%. Year-to-date (YTD), CSL shares are showing a performance of 4.49% which increased to 3.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $211.06 but also hit the highest price of $318.71 during that period. The average intraday trading volume for Carlisle Companies Incorporated shares is 487.35K. The stock is currently trading 2.84% above its 20-day simple moving average (SMA20), while that difference is up 1.21% for SMA50 and it goes to -6.47% lower than SMA200.

The Vanguard Group, Inc. acquired 5.24 million shares of Carlisle Companies Incorporated having value of about $1.38 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.1 million shares in the company valued at close to $24847339.68, or have control over 1.96% stake in the company. Carlisle Companies Incorporated (NYSE: CSL) currently have 51.90M outstanding shares and institutions hold larger chunk of about 90.90% of that. Holding of mutual funds in the company is about 4.22% while other institutional holders and individual stake holders have control over 50.96% and 38.59% of the stake respectively.

The stock has a current market capitalization of $12.37B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 14.83, while it has posted earnings per share of $16.60 in the same period. Its PEG reads 0.99 and has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.96. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CSL, volatility over the week remained 2.57% while standing at 2.34% over the month.

Analysts are in expectations that Carlisle Companies Incorporated (CSL) stock would likely to be making an EPS of $4.45 in the current quarter, while forecast for next quarter EPS is $4.64 and it is $21.44 for next year. For the current quarter EPS, analysts have given the company a lowest target $4.29 which is $4.63 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 22.80% while it is estimated to increase by 6.20% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 15.60% made by the stock over the past 5-years.

Analysts at 8 brokerage firms have issued recommendations for the Carlisle Companies Incorporated (CSL)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 8 Wall Street analysts, 5 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on October 14, 2022 offering an Outperform rating for the stock and assigned a target price of $363 to it. Coverage by Credit Suisse stated Carlisle Companies Incorporated (CSL) stock as a Neutral in their note to investors on April 05, 2022, suggesting a price target of $275 for the stock. Stock get a Buy rating from Loop Capital on March 25, 2021.