Zacks Investment Research Upgrades Carlisle Companies Incorporated (CSL) to “Hold”
Carlisle Companies Incorporated (NYSE:CSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
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. “
Other equities analysts have also issued research reports about the company. FBR & Co set a $125.00 target price on Carlisle Companies and gave the company a “buy” rating in a research note on Wednesday, October 25th. Robert W. Baird reiterated an “outperform” rating on shares of Carlisle Companies in a research note on Monday, July 10th. Buckingham Research began coverage on Carlisle Companies in a research note on Tuesday, September 5th. They set a “buy” rating and a $115.00 price target on the stock. SunTrust Banks, Inc. restated a “buy” rating and set a $120.00 price target on shares of Carlisle Companies in a research note on Wednesday, October 4th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Carlisle Companies presently has an average rating of “Hold” and a consensus target price of $122.33.
Carlisle Companies (NYSE CSL) traded down $0.24 on Friday, reaching $109.73. The company’s stock had a trading volume of 259,394 shares, compared to its average volume of 381,809. Carlisle Companies has a 52 week low of $92.09 and a 52 week high of $116.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43. The stock has a market capitalization of $6,799.31, a price-to-earnings ratio of 20.32, a PEG ratio of 1.38 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. research analysts predict that Carlisle Companies will post 4.97 earnings per share for the current fiscal year.
In related news, insider John E. Berlin sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total value of $589,437.50. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.12% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CSL. Teachers Advisors LLC boosted its position in Carlisle Companies by 105.5% in the first quarter. Teachers Advisors LLC now owns 271,912 shares of the conglomerate’s stock valued at $28,934,000 after buying an additional 139,626 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Carlisle Companies in the first quarter valued at approximately $400,000. Credit Suisse AG boosted its position in Carlisle Companies by 39.7% in the first quarter. Credit Suisse AG now owns 104,478 shares of the conglomerate’s stock valued at $11,118,000 after buying an additional 29,685 shares during the last quarter. Janus Capital Management LLC boosted its position in Carlisle Companies by 3.8% in the first quarter. Janus Capital Management LLC now owns 54,600 shares of the conglomerate’s stock valued at $5,810,000 after buying an additional 2,000 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. boosted its position in Carlisle Companies by 29.7% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 21,417 shares of the conglomerate’s stock valued at $2,043,000 after buying an additional 4,905 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.
Carlisle Companies Company Profile
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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