Carlisle Companies (CSL) Price Target Cut to $125.00

Carlisle Companies (NYSE:CSL) had its price target dropped by analysts at Robert W. Baird from $130.00 to $125.00 in a report released on Friday. The firm presently has an “outperform” rating on the conglomerate’s stock. Robert W. Baird’s price objective would suggest a potential upside of 15.90% from the company’s previous close.

Several other research analysts have also commented on CSL. FBR & Co set a $125.00 price target on Carlisle Companies and gave the stock a “buy” rating in a research report on Thursday, October 12th. Oppenheimer reiterated a “hold” rating on shares of Carlisle Companies in a research report on Wednesday, October 25th. SunTrust Banks lifted their price target on Carlisle Companies to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Finally, B. Riley restated a “buy” rating on shares of Carlisle Companies in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Carlisle Companies currently has an average rating of “Hold” and an average price target of $124.63.

Carlisle Companies (CSL) traded down $2.32 on Friday, reaching $107.85. The company had a trading volume of 2,289,225 shares, compared to its average volume of 516,918. The stock has a market capitalization of $6,878.60, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.13 and a beta of 0.79. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $119.21. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The firm’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the business posted $1.32 earnings per share. analysts predict that Carlisle Companies will post 4.89 earnings per share for the current year.

Carlisle Companies declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 6th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Large investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Carlisle Companies during the third quarter valued at approximately $100,000. Cerebellum GP LLC purchased a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $128,000. Toronto Dominion Bank purchased a new position in shares of Carlisle Companies during the third quarter valued at approximately $126,000. Advisory Services Network LLC boosted its position in shares of Carlisle Companies by 4,659.0% during the fourth quarter. Advisory Services Network LLC now owns 1,856 shares of the conglomerate’s stock valued at $211,000 after buying an additional 1,817 shares during the period. Finally, Glenview Trust Co purchased a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds 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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