Carlisle Companies (NYSE:CSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
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 research reports. B. Riley restated a “buy” rating and set a $125.00 target price on shares of Carlisle Companies in a research report on Friday, December 22nd. SunTrust Banks boosted their target price on Carlisle Companies to $126.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Oppenheimer restated a “hold” rating on shares of Carlisle Companies in a research report on Wednesday, October 25th. Robert W. Baird boosted their target price on Carlisle Companies from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, FBR & Co set a $125.00 target price on Carlisle Companies and gave the company a “buy” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $124.63.
Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. Carlisle Companies had a return on equity of 13.60% and a net margin of 8.94%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business earned $1.32 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. analysts predict that Carlisle Companies will post 6.14 earnings per share for the current year.
Carlisle Companies announced that its board has authorized a stock buyback plan on Tuesday, February 6th that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Several institutional investors have recently bought and sold shares of CSL. Janus Henderson Group PLC raised its stake in shares of Carlisle Companies by 32.3% during the third quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock valued at $252,888,000 after acquiring an additional 615,655 shares in the last quarter. Fiduciary Management Inc. WI raised its stake in shares of Carlisle Companies by 133.6% during the third quarter. Fiduciary Management Inc. WI now owns 894,087 shares of the conglomerate’s stock valued at $89,668,000 after acquiring an additional 511,269 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Carlisle Companies by 16.4% during the third quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock valued at $149,484,000 after acquiring an additional 209,448 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Carlisle Companies during the third quarter valued at approximately $20,359,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Carlisle Companies by 180.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 157,466 shares of the conglomerate’s stock valued at $17,896,000 after acquiring an additional 101,227 shares in the last quarter. 88.35% of the stock is owned by hedge funds and other institutional investors.
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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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