Carlisle Companies Incorporated (CSL) Receives Buy Rating from SunTrust Banks, Inc.
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.
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