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

According to Zacks, “Carlisle Companies Incorporated engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. 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. The Company operates through five segments: Carlisle Construction Materials (Construction Materials); Carlisle Interconnect Technologies (Interconnect Technologies); Carlisle Fluid Technologies; Carlisle Brake & Friction (Brake & Friction), and Carlisle FoodService Products. The Company markets its products as a component supplier to original equipment manufacturers and distributors, among others. Carlisle Companies Inc., markets its products to original equipment manufacturers and distributors. “

A number of other equities analysts also recently commented on CSL. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. CIBC reissued a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. BidaskClub raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Robert W. Baird reissued an “outperform” rating on shares of Carlisle Companies in a research report on Monday, July 10th. Finally, FBR & Co reissued an “outperform” rating and set a $125.00 price objective on shares of Carlisle Companies in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $122.00.

Shares of Carlisle Companies (CSL) traded up 0.57% on Wednesday, reaching $100.30. 369,046 shares of the company’s stock traded hands. The firm’s 50 day moving average is $97.58 and its 200 day moving average is $99.40. Carlisle Companies has a 52 week low of $92.09 and a 52 week high of $116.40. The firm has a market capitalization of $6.34 billion, a P/E ratio of 28.35 and a beta of 0.79.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.03). Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Analysts expect that Carlisle Companies will post $5.11 earnings per share for the current fiscal year.

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In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total value 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 insiders.

Several institutional investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc raised its position in Carlisle Companies by 39.3% in the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock worth $104,000 after acquiring an additional 308 shares in the last quarter. Creative Planning raised its position in Carlisle Companies by 8.8% in the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock worth $177,000 after acquiring an additional 150 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Carlisle Companies by 3.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 75 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in Carlisle Companies in the second quarter worth $253,000. Finally, Cetera Investment Advisers purchased a new position in Carlisle Companies in the second quarter worth $256,000. Institutional investors and hedge funds own 88.55% of the company’s stock.

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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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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