Carlisle Companies (NYSE:CSL)‘s stock had its “hold” rating restated by equities researchers at Oppenheimer in a report released on Sunday.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. BMO Capital Markets decreased their target price on Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, April 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $123.86.
Shares of Carlisle Companies opened at $108.31 on Friday, according to Marketbeat. Carlisle Companies has a fifty-two week low of $92.09 and a fifty-two week high of $119.21. The company has a quick ratio of 2.45, a current ratio of 3.14 and a debt-to-equity ratio of 0.58. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, April 24th. The conglomerate reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. Carlisle Companies had a return on equity of 12.97% and a net margin of 14.48%. The firm had revenue of $984.70 million during the quarter, compared to analyst estimates of $935.14 million. During the same quarter last year, the firm earned $0.94 EPS. Carlisle Companies’s quarterly revenue was up 27.2% on a year-over-year basis. equities analysts expect that Carlisle Companies will post 5.86 earnings per share for the current fiscal year.
In related news, insider John W. Altmeyer sold 11,650 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $107.41, for a total value of $1,251,326.50. Following the sale, the insider now owns 184,679 shares of the company’s stock, valued at approximately $19,836,371.39. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John E. Berlin sold 15,420 shares of the firm’s stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $105.50, for a total value of $1,626,810.00. Following the completion of the sale, the insider now directly owns 43,327 shares in the company, valued at approximately $4,570,998.50. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nicola Wealth Management LTD. bought a new stake in shares of Carlisle Companies in the 1st quarter worth approximately $3,132,000. Principal Financial Group Inc. raised its stake in Carlisle Companies by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 268,889 shares of the conglomerate’s stock valued at $28,075,000 after acquiring an additional 6,776 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Carlisle Companies by 49.0% during the 1st quarter. Xact Kapitalforvaltning AB now owns 7,909 shares of the conglomerate’s stock valued at $826,000 after acquiring an additional 2,600 shares in the last quarter. Royal Bank of Canada raised its stake in Carlisle Companies by 16.6% during the 1st quarter. Royal Bank of Canada now owns 147,576 shares of the conglomerate’s stock valued at $15,407,000 after acquiring an additional 21,057 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Carlisle Companies by 12.2% during the 1st quarter. Legal & General Group Plc now owns 87,206 shares of the conglomerate’s stock valued at $9,105,000 after acquiring an additional 9,513 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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