Carlisle Companies Incorporated (NYSE:CSL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

According to Zacks, “Carlisle Companies Incorporated manufactures and distributes a wide variety of products across a broad range of industries, including, among others, roofing, construction, trucking, automotive, foodservice, industrial equipment, lawn and garden and aircraft manufacturing. They market their products both as a component supplier to original equipment manufacturers, as well as directly to end users. “

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets restated a “buy” rating and set a $130.00 price objective on shares of Carlisle Companies in a research report on Thursday, April 20th. BidaskClub cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Oppenheimer Holdings, Inc. set a $120.00 price objective on shares of Carlisle Companies and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Finally, CIBC restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $118.25.

Carlisle Companies (CSL) traded down 1.35% during mid-day trading on Thursday, hitting $95.83. 407,083 shares of the stock were exchanged. The stock has a market cap of $6.19 billion, a PE ratio of 25.80 and a beta of 0.77. Carlisle Companies has a 52-week low of $93.47 and a 52-week high of $116.40. The stock’s 50 day moving average is $98.76 and its 200 day moving average is $105.04.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 27th. The conglomerate reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.04. The business had revenue of $857.30 million during the quarter, compared to analysts’ expectations of $832.50 million. Carlisle Companies had a net margin of 6.51% and a return on equity of 15.44%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 earnings per share. Analysts forecast that Carlisle Companies will post $5.65 EPS for the current fiscal year.

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In other Carlisle Companies news, insider John E. Berlin sold 19,860 shares of Carlisle Companies stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $104.55, for a total transaction of $2,076,363.00. Following the completion of the sale, the insider now directly owns 56,262 shares in the company, valued at $5,882,192.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.12% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Carlisle Companies by 2,245.8% in the first quarter. BlackRock Inc. now owns 5,977,338 shares of the conglomerate’s stock valued at $636,048,000 after buying an additional 5,722,532 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in Carlisle Companies during the first quarter valued at approximately $69,002,000. Marshall Wace North America L.P. acquired a new position in Carlisle Companies during the first quarter valued at approximately $69,002,000. Schroder Investment Management Group raised its position in Carlisle Companies by 161.0% in the first quarter. Schroder Investment Management Group now owns 894,567 shares of the conglomerate’s stock valued at $95,182,000 after buying an additional 551,884 shares during the last quarter. Finally, Norges Bank acquired a new position in Carlisle Companies during the fourth quarter valued at approximately $59,550,000. 91.74% 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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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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