Carlisle Companies (NYSE:CSL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, January 3rd.
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. “
Several other equities research analysts have also issued reports on CSL. B. Riley reaffirmed a “buy” rating and set a $125.00 price target on shares of Carlisle Companies in a report on Friday, December 22nd. FBR & Co set a $125.00 price target on shares of Carlisle Companies and gave the company a “buy” rating in a report on Thursday, October 12th. Robert W. Baird reiterated a “buy” rating on shares of Carlisle Companies in a research report on Wednesday, October 4th. BMO Capital Markets reiterated a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research report on Friday, September 22nd. Finally, SunTrust Banks lifted their target price on shares of Carlisle Companies to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Carlisle Companies has an average rating of “Buy” and a consensus price target of $123.25.
Shares of Carlisle Companies (NYSE CSL) opened at $116.96 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43. The company has a market cap of $7,332.38, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.20 and a beta of 0.88. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $119.21.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.02. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $1.74 EPS. The business’s revenue was up 9.9% on a year-over-year basis. equities research analysts expect that Carlisle Companies will post 4.89 EPS for the current year.
A number of hedge funds have recently made changes to their positions in CSL. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Carlisle Companies by 5.4% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 29,497 shares of the conglomerate’s stock worth $3,352,000 after acquiring an additional 1,510 shares in the last quarter. Hahn Capital Management LLC grew its stake in shares of Carlisle Companies by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 192,428 shares of the conglomerate’s stock worth $19,299,000 after acquiring an additional 1,819 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Carlisle Companies by 446.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 78,762 shares of the conglomerate’s stock worth $7,899,000 after acquiring an additional 64,354 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Carlisle Companies by 42.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,110 shares of the conglomerate’s stock worth $814,000 after acquiring an additional 2,414 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Carlisle Companies by 32.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock worth $252,888,000 after acquiring an additional 615,655 shares in the last quarter. Institutional investors and hedge funds own 88.91% of the company’s stock.
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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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