Carlisle Companies (CSL) Earns Buy Rating from SunTrust Banks

Carlisle Companies (NYSE:CSL)‘s stock had its “buy” rating reiterated by analysts at SunTrust Banks in a note issued to investors on Friday. They currently have a $130.00 target price on the conglomerate’s stock. SunTrust Banks’ price objective points to a potential upside of 20.54% from the stock’s previous close.

Other research analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating on shares of Carlisle Companies in a report on Wednesday, November 1st. Robert W. Baird dropped their target price on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday. FBR & Co set a $125.00 target price on Carlisle Companies and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Finally, Oppenheimer restated a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $124.63.

Shares of Carlisle Companies (NYSE:CSL) traded down $2.32 during trading hours on Friday, hitting $107.85. The stock had a trading volume of 2,289,698 shares, compared to its average volume of 516,918. Carlisle Companies has a twelve month low of $92.09 and a twelve month high of $119.21. The stock has a market cap of $6,878.60, a P/E ratio of 20.97, a PEG ratio of 1.13 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.20. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the business posted $1.32 EPS. The business’s revenue was up 20.0% compared to the same quarter last year. sell-side analysts forecast that Carlisle Companies will post 4.89 EPS for the current fiscal year.

Carlisle Companies declared that its Board of Directors has authorized a stock buyback program on Tuesday, February 6th that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

A number of hedge funds have recently made changes to their positions in CSL. Cetera Investment Advisers acquired a new stake in Carlisle Companies during the 2nd quarter worth about $256,000. AMP Capital Investors Ltd lifted its position in Carlisle Companies by 45.7% during the 3rd quarter. AMP Capital Investors Ltd now owns 15,100 shares of the conglomerate’s stock worth $1,514,000 after acquiring an additional 4,736 shares during the period. Dimensional Fund Advisors LP lifted its position in Carlisle Companies by 14.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 772,976 shares of the conglomerate’s stock worth $77,523,000 after acquiring an additional 99,614 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Carlisle Companies by 4.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 216,625 shares of the conglomerate’s stock worth $21,726,000 after acquiring an additional 9,777 shares during the period. Finally, First Quadrant L P CA acquired a new stake in Carlisle Companies during the 4th quarter worth about $5,628,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

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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.

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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