Carlisle Companies (CSL) Downgraded by Zacks Investment Research to “Hold”
Zacks Investment Research cut shares of Carlisle Companies (NYSE:CSL) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.
According to Zacks, “Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses with highly engineered and high margin products. Carlisle is committed to generating superior shareholder returns by combining a unique management style of decentralization, entrepreneurial spirit, active M&A, and a balanced approach to capital deployment, all with a culture of continuous improvement as embodied in the Carlisle Operating System. Carlisle’s markets include: commercial roofing, agriculture, mining, construction, aerospace, defense, foodservice, healthcare, sanitary maintenance, transportation, industrial, protective coating and auto refinishing. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, Carlisle Brake & Friction, and Carlisle FoodService Products. Carlisle remains committed to the core philosophies of Decentralization, Diversification, Continuous Improvement and an Entrepreneurial Culture. “
Several other research analysts have also recently issued reports on the company. B. Riley reissued a buy rating and issued a $125.00 price objective on shares of Carlisle Companies in a research note on Friday, December 22nd. SunTrust Banks increased their price objective on Carlisle Companies to $126.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. Oppenheimer reissued a hold rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. Robert W. Baird increased their price objective on Carlisle Companies from $110.00 to $118.00 and gave the stock an outperform rating in a research note on Wednesday, October 25th. Finally, FBR & Co set a $125.00 price objective on Carlisle Companies and gave the stock a buy rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Carlisle Companies has a consensus rating of Buy and an average price target of $123.25.
Carlisle Companies (NYSE:CSL) traded up $1.11 on Tuesday, hitting $118.28. The stock had a trading volume of 309,900 shares, compared to its average volume of 283,750. The company has a market capitalization of $7,340.00, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.20 and a beta of 0.88. Carlisle Companies has a 1 year low of $92.09 and a 1 year high of $119.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.14.
Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 earnings per share. sell-side analysts expect that Carlisle Companies will post 4.89 EPS for the current year.
A number of large investors have recently made changes to their positions in CSL. Janus Henderson Group PLC bought a new position in Carlisle Companies in the second quarter worth approximately $181,824,000. Fiduciary Management Inc. WI lifted its holdings in Carlisle Companies by 133.6% during the third quarter. Fiduciary Management Inc. WI now owns 894,087 shares of the conglomerate’s stock worth $89,668,000 after buying an additional 511,269 shares during the period. Atlanta Capital Management Co. L L C lifted its holdings in Carlisle Companies by 12.3% during the second quarter. Atlanta Capital Management Co. L L C now owns 2,931,083 shares of the conglomerate’s stock worth $279,625,000 after buying an additional 320,305 shares during the period. Schroder Investment Management Group lifted its holdings in Carlisle Companies by 16.4% during the third quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock worth $149,484,000 after buying an additional 209,448 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in Carlisle Companies during the third quarter worth $20,359,000. 88.91% of the stock is currently owned by institutional investors.
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About Carlisle Companies
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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