Zacks Investment Research Upgrades Carlisle Companies Incorporated (CSL) to “Hold”
Carlisle Companies Incorporated (NYSE:CSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.
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 research analysts also recently weighed in on CSL. FBR & Co set a $125.00 target price on Carlisle Companies and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird restated an “outperform” rating on shares of Carlisle Companies in a research report on Monday, July 10th. Buckingham Research began coverage on Carlisle Companies in a research report on Tuesday, September 5th. They issued a “buy” rating and a $115.00 target price for the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Carlisle Companies in a research report on Wednesday. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $120.00 target price on shares of Carlisle Companies in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Carlisle Companies has a consensus rating of “Hold” and a consensus target price of $122.33.
Carlisle Companies (NYSE CSL) traded up 0.16% during mid-day trading on Friday, reaching $111.19. The company’s stock had a trading volume of 300,088 shares. The firm has a 50-day moving average of $100.05 and a 200-day moving average of $99.22. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 31.43 and a beta of 0.79. Carlisle Companies has a 52 week low of $92.09 and a 52 week high of $116.40.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.02. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $1.74 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that Carlisle Companies will post $4.97 earnings per share for the current year.
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In other news, insider John E. Berlin sold 6,250 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total transaction of $589,437.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.12% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in CSL. OppenheimerFunds Inc. raised its stake in Carlisle Companies by 25.8% during the 1st quarter. OppenheimerFunds Inc. now owns 8,485 shares of the conglomerate’s stock valued at $903,000 after purchasing an additional 1,738 shares during the period. Teachers Advisors LLC raised its stake in Carlisle Companies by 105.5% during the 1st quarter. Teachers Advisors LLC now owns 271,912 shares of the conglomerate’s stock valued at $28,934,000 after purchasing an additional 139,626 shares during the period. Dimensional Fund Advisors LP raised its stake in Carlisle Companies by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 666,327 shares of the conglomerate’s stock valued at $70,903,000 after purchasing an additional 7,461 shares during the period. Morgan Stanley raised its stake in Carlisle Companies by 4.1% during the 1st quarter. Morgan Stanley now owns 392,539 shares of the conglomerate’s stock valued at $41,769,000 after purchasing an additional 15,336 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Carlisle Companies during the 1st quarter valued at $400,000. 88.61% of the stock is currently 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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