Zacks Investment Research cut shares of Carlisle Companies (NYSE:CSL) from a hold rating to a sell rating in a research note released on Tuesday.
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 research firms also recently weighed in on CSL. Robert W. Baird reiterated a buy rating on shares of Carlisle Companies in a research note on Wednesday, October 4th. FBR & Co set a $125.00 price target on Carlisle Companies and gave the stock a buy rating in a research note on Wednesday, October 25th. BMO Capital Markets reiterated a buy rating and set a $130.00 price target on shares of Carlisle Companies in a research note on Friday, September 22nd. SunTrust Banks increased their price target on Carlisle Companies to $126.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. Finally, B. Riley reiterated a buy rating on shares of Carlisle Companies in a research note on Wednesday, November 1st. Two equities research 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 a consensus target price of $123.25.
Carlisle Companies (NYSE CSL) traded up $1.46 during mid-day trading on Tuesday, hitting $117.80. The stock had a trading volume of 500,549 shares, compared to its average volume of 350,354. 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 $7,370.00, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 1.18 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 posted its quarterly earnings results 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. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.74 EPS. analysts predict that Carlisle Companies will post 4.89 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted 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 purchasing an additional 35,069 shares in the last quarter. Atlanta Capital Management Co. L L C lifted 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 purchasing an additional 320,305 shares in the last quarter. State Street Corp lifted 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 purchasing an additional 38,112 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Carlisle Companies by 32.3% during the 3rd quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock worth $252,888,000 after purchasing an additional 615,655 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Carlisle Companies by 16.4% during the 3rd quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock worth $149,484,000 after purchasing an additional 209,448 shares in the last quarter. 88.91% of the stock is currently owned by institutional investors and hedge funds.
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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.
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