Carlisle Companies Incorporated (CSL) Rating Increased to Hold at Zacks Investment Research
Carlisle Companies Incorporated (NYSE:CSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.
According to Zacks, “Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses with highly engineered and high margin products. Carlisle is committed to generating superior shareholder returns by combining a unique management style of decentralization, entrepreneurial spirit, active M&A, and a balanced approach to capital deployment, all with a culture of continuous improvement as embodied in the Carlisle Operating System. Carlisle’s markets include: commercial roofing, agriculture, mining, construction, aerospace, defense, foodservice, healthcare, sanitary maintenance, transportation, industrial, protective coating and auto refinishing. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, Carlisle Brake & Friction, and Carlisle FoodService Products. Carlisle remains committed to the core philosophies of Decentralization, Diversification, Continuous Improvement and an Entrepreneurial Culture. “
CSL has been the subject of several other reports. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Carlisle Companies in a research note on Sunday, August 27th. FBR & Co set a $125.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a research note on Thursday, October 12th. BidaskClub cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. BMO Capital Markets reaffirmed a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research note on Friday, September 22nd. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $122.33.
Carlisle Companies (NYSE:CSL) traded down $0.10 during mid-day trading on Friday, reaching $109.73. 259,394 shares of the company’s stock traded hands, compared to its average volume of 381,809. The stock has a market capitalization of $6.81 billion, a PE ratio of 20.36 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.02. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. Carlisle Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 EPS. sell-side analysts anticipate that Carlisle Companies will post 4.97 earnings per share for the current fiscal year.
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In other news, insider John E. Berlin sold 6,250 shares of the business’s stock in a transaction on 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 can be accessed through this link. 2.12% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Carlisle Companies by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,928,831 shares of the conglomerate’s stock valued at $565,611,000 after buying an additional 35,069 shares during the period. Atlanta Capital Management Co. L L C grew its stake in shares of Carlisle Companies by 12.3% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 2,931,083 shares of the conglomerate’s stock valued at $279,625,000 after buying an additional 320,305 shares during the period. State Street Corp lifted its holdings in shares of Carlisle Companies by 1.5% during the 2nd quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock valued at $246,131,000 after acquiring an additional 38,112 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Carlisle Companies during the 2nd quarter valued at $181,824,000. Finally, Schroder Investment Management Group lifted its holdings in shares of Carlisle Companies by 42.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,277,655 shares of the conglomerate’s stock valued at $120,202,000 after acquiring an additional 383,088 shares in the last quarter. 88.66% of the stock is owned by institutional investors.
About Carlisle Companies
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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