In a report released today, Garik Shmois from Loop Capital Markets maintained a Buy rating on Carlisle Companies (CSL – Research Report), with a price target of $310.00. The company’s shares closed yesterday at $264.08.
According to TipRanks, Shmois is a 5-star analyst with an average return of 11.7% and a 63.77% success rate. Shmois covers the Industrials sector, focusing on stocks such as Carlisle Companies, Sherwin-Williams Company, and American Woodmark.
Carlisle Companies has an analyst consensus of Moderate Buy, with a price target consensus of $308.20, representing a 16.71% upside. In a report released on October 12, Robert W. Baird also maintained a Buy rating on the stock with a $320.00 price target.
See the top stocks recommended by analysts >>
Based on Carlisle Companies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.53 billion and a net profit of $194.6 million. In comparison, last year the company earned a revenue of $1.77 billion and had a net profit of $301.5 million
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSL in relation to earlier this year. Most recently, in July 2023, Snyder Lori A, the V. P., Human Resources of CSL sold 300.00 shares for a total of $83,211.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Carlisle Companies (CSL) Company Description:
Carlisle Cos., Inc. engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment includes the manufacture of insulation materials, rubber, thermoplastic polyolefin, and polyvinyl chloride roofing membranes; related roofing accessories; and waterproofing products. The Carlisle Interconnect Technologies segment focuses on the design and manufacture of wire, cable, connectors, contacts and cable assemblies for the transfer of power and data. The Carlisle Fluid Technologies segment deals with industrial liquid and powder finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings. The Carlisle Brake and Friction segment covers brakes and friction material and clutch and transmission friction material. The company was founded by Charles S. Moomy in 1917 and is headquartered in Scottsdale, AZ.
Read More on CSL:
