Carlisle Companies, Inc. (CSL) Rating Reiterated by BMO Capital Markets
Carlisle Companies, Inc. (NYSE:CSL)‘s stock had its “buy” rating reiterated by equities researchers at BMO Capital Markets in a research report issued to clients and investors on Thursday. They currently have a $130.00 price target on the conglomerate’s stock. BMO Capital Markets’ target price would suggest a potential upside of 24.39% from the company’s previous close.
Separately, Zacks Investment Research lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $115.75.
Shares of Carlisle Companies (NYSE:CSL) opened at 104.51 on Thursday. The stock has a market cap of $6.75 billion, a PE ratio of 27.37 and a beta of 0.77. Carlisle Companies has a 12 month low of $98.22 and a 12 month high of $116.40. The firm’s 50-day moving average is $105.59 and its 200 day moving average is $107.88.
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Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, February 9th. The conglomerate reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.03. Carlisle Companies had a net margin of 6.80% and a return on equity of 15.67%. The company earned $893.50 million during the quarter, compared to analyst estimates of $907 million. During the same period in the prior year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Carlisle Companies will post $6.07 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. EULAV Asset Management raised its stake in Carlisle Companies by 4.7% in the third quarter. EULAV Asset Management now owns 111,500 shares of the conglomerate’s stock valued at $11,437,000 after buying an additional 5,000 shares during the last quarter. California State Teachers Retirement System raised its stake in Carlisle Companies by 0.8% in the third quarter. California State Teachers Retirement System now owns 136,219 shares of the conglomerate’s stock valued at $13,972,000 after buying an additional 1,100 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Carlisle Companies by 2.0% in the third quarter. Great West Life Assurance Co. Can now owns 38,401 shares of the conglomerate’s stock valued at $3,937,000 after buying an additional 738 shares during the last quarter. Private Trust Co. NA purchased a new stake in Carlisle Companies during the first quarter valued at approximately $468,000. Finally, American Century Companies Inc. raised its stake in Carlisle Companies by 906.9% in the fourth quarter. American Century Companies Inc. now owns 533,160 shares of the conglomerate’s stock valued at $47,286,000 after buying an additional 480,207 shares during the last quarter. 87.64% of the stock is owned by institutional investors and hedge funds.
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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