Carlisle Companies Incorporated (NYSE:CSL)‘s stock had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc. in a report released on Wednesday. They currently have a $120.00 price target on the conglomerate’s stock. SunTrust Banks, Inc.’s target price suggests a potential upside of 16.36% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Buckingham Research initiated coverage on shares of Carlisle Companies in a research note on Tuesday, September 5th. They set a “buy” rating and a $115.00 target price for the company. Oppenheimer Holdings, Inc. set a $120.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a research note on Tuesday, June 6th. BMO Capital Markets reissued a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research note on Friday, September 22nd. FBR & Co reissued a “buy” rating on shares of Carlisle Companies in a research note on Tuesday. Finally, Robert W. Baird reissued a “buy” rating on shares of Carlisle Companies in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $120.83.

Shares of Carlisle Companies (NYSE:CSL) traded down 0.29% on Wednesday, hitting $103.13. The stock had a trading volume of 273,740 shares. The firm has a market cap of $6.51 billion, a P/E ratio of 29.15 and a beta of 0.79. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $116.40. The firm’s 50-day moving average price is $96.43 and its 200 day moving average price is $99.57.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.75 EPS. Analysts anticipate that Carlisle Companies will post $5.16 EPS for the current fiscal year.

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In related news, insider John E. Berlin sold 6,250 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total transaction of $589,437.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.12% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CSL. UBS Asset Management Americas Inc. grew its stake in Carlisle Companies by 46.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 49,531 shares of the conglomerate’s stock valued at $5,271,000 after acquiring an additional 15,645 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Carlisle Companies during the 1st quarter valued at about $1,124,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Carlisle Companies during the 1st quarter valued at about $252,000. Stifel Financial Corp grew its stake in Carlisle Companies by 17.2% during the 1st quarter. Stifel Financial Corp now owns 19,104 shares of the conglomerate’s stock valued at $2,037,000 after acquiring an additional 2,800 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Carlisle Companies by 279.0% during the 1st quarter. SG Americas Securities LLC now owns 14,051 shares of the conglomerate’s stock valued at $1,495,000 after acquiring an additional 10,344 shares in the last quarter. 88.55% of the stock is owned by 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.

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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