Carlisle Companies Incorporated (CSL) Stock Rating Reaffirmed by Robert W. Baird
Carlisle Companies Incorporated (NYSE:CSL)‘s stock had its “outperform” rating reiterated by equities research analysts at Robert W. Baird in a research note issued on Monday.
Several other research firms have also issued reports on CSL. Zacks Investment Research upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. BMO Capital Markets restated a “buy” rating and set a $130.00 price target on shares of Carlisle Companies in a research report on Thursday, April 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Carlisle Companies in a research report on Tuesday, May 9th. CIBC restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. Finally, BidaskClub lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $122.50.
Carlisle Companies (CSL) opened at 96.35 on Monday. The company’s 50-day moving average price is $98.76 and its 200 day moving average price is $105.04. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 25.94 and a beta of 0.77. Carlisle Companies has a 12 month low of $93.47 and a 12 month high of $116.40.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 27th. The conglomerate reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Carlisle Companies had a net margin of 6.51% and a return on equity of 15.44%. The business had revenue of $857.30 million during the quarter, compared to analyst estimates of $832.50 million. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. Analysts forecast that Carlisle Companies will post $5.65 EPS for the current fiscal year.
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In other news, insider John E. Berlin sold 19,860 shares of the company’s 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 transaction, the insider now directly owns 56,262 shares of the company’s stock, valued at $5,882,192.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.12% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its position in shares of Carlisle Companies by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,008 shares of the conglomerate’s stock valued at $105,000 after buying an additional 25 shares during the period. Israel Discount Bank of New York GFN purchased a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $178,000. Fairfax Financial Holdings Ltd Can purchased a new position in shares of Carlisle Companies during the first quarter valued at approximately $202,000. Palisade Capital Management LLC NJ purchased a new position in shares of Carlisle Companies during the first quarter valued at approximately $225,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Carlisle Companies during the first quarter valued at approximately $252,000. 91.74% of the stock is owned by hedge funds and other institutional investors.
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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