Carlisle Companies Incorporated (CSL) Receives Hold Rating from Oppenheimer Holdings, Inc.
Carlisle Companies Incorporated (NYSE:CSL)‘s stock had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Sunday.
CSL has been the topic of several other research reports. CIBC reissued a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, June 14th. FBR & Co reissued an “outperform” rating and set a $125.00 price objective on shares of Carlisle Companies in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Zacks Investment Research downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Robert W. Baird reissued an “outperform” rating on shares of Carlisle Companies in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Carlisle Companies presently has a consensus rating of “Hold” and a consensus price target of $122.50.
Carlisle Companies (CSL) traded down 0.48% during midday trading on Friday, reaching $94.19. The company’s stock had a trading volume of 92,627 shares. Carlisle Companies has a one year low of $92.09 and a one year high of $116.40. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 26.62 and a beta of 0.77. The stock’s 50 day moving average price is $96.84 and its 200-day moving average price is $101.26.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company earned $1.75 EPS. On average, analysts forecast that Carlisle Companies will post $5.19 EPS for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc increased its position in shares of Carlisle Companies by 39.3% in the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after buying an additional 308 shares during the period. Creative Planning increased its position in shares of Carlisle Companies by 8.8% in the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after buying an additional 150 shares during the period. Fairfax Financial Holdings Ltd Can purchased a new position in shares of Carlisle Companies during the first quarter valued at $202,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Carlisle Companies by 3.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after buying an additional 75 shares during the period. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Carlisle Companies during the second quarter valued at $253,000. 88.65% of the stock is owned by institutional investors.
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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