Carlisle Companies Incorporated (CSL) Receives $121.67 Consensus PT from Brokerages

Shares of Carlisle Companies Incorporated (NYSE:CSL) have been assigned an average rating of “Hold” from the ten brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $122.50.

CSL has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Buckingham Research initiated coverage on shares of Carlisle Companies in a report on Tuesday, September 5th. They set a “buy” rating and a $115.00 price target for the company. Robert W. Baird reaffirmed an “outperform” rating on shares of Carlisle Companies in a report on Monday, July 10th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Carlisle Companies in a report on Sunday, August 27th. Finally, BidaskClub raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Saturday, July 1st.

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In related news, insider John E. Berlin sold 6,250 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.12% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Carlisle Companies by 2,245.8% during the 1st quarter. BlackRock Inc. now owns 5,977,338 shares of the conglomerate’s stock worth $636,048,000 after acquiring an additional 5,722,532 shares in the last quarter. Vanguard Group Inc. grew its holdings in Carlisle Companies by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,928,831 shares of the conglomerate’s stock worth $565,611,000 after acquiring an additional 35,069 shares in the last quarter. Atlanta Capital Management Co. L L C grew its holdings in 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 worth $279,625,000 after acquiring an additional 320,305 shares in the last quarter. State Street Corp grew its holdings in Carlisle Companies by 1.5% during the 2nd quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock worth $246,131,000 after acquiring an additional 38,112 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Carlisle Companies during the 2nd quarter worth $181,824,000. 88.55% of the stock is owned by institutional investors.

Shares of Carlisle Companies (NYSE CSL) traded up 0.41% during trading on Wednesday, hitting $99.56. 342,932 shares of the company were exchanged. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $116.40. The company’s 50-day moving average price is $98.14 and its 200 day moving average price is $99.36. The stock has a market cap of $6.29 billion, a P/E ratio of 28.14 and a beta of 0.79.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.03). Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business posted $1.75 EPS. The business’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Carlisle Companies will post $5.02 earnings per share for the current fiscal year.

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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