Carlisle Companies Incorporated (NYSE:CSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, November 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. “
CSL has been the subject of a number of other reports. BidaskClub downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Robert W. Baird restated a “buy” rating on shares of Carlisle Companies in a report on Wednesday, October 4th. FBR & Co reaffirmed a “buy” rating on shares of Carlisle Companies in a research report on Tuesday, October 3rd. BMO Capital Markets reaffirmed a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research report on Friday, September 22nd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Carlisle Companies in a research report on Sunday, August 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $122.33.
Carlisle Companies (NYSE:CSL) traded up $0.21 on Friday, hitting $110.75. The stock had a trading volume of 182,003 shares, compared to its average volume of 477,677. The firm has a market cap of $6,810.41, a price-to-earnings ratio of 20.34, a P/E/G ratio of 1.39 and a beta of 0.86. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $116.40.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.02. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted $1.74 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. equities analysts anticipate that Carlisle Companies will post 4.95 EPS for the current year.
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In other news, insider John E. Berlin sold 6,250 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total value of $589,437.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.12% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted 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 valued at $565,611,000 after acquiring an additional 35,069 shares during the period. Atlanta Capital Management Co. L L C boosted 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 valued at $279,625,000 after acquiring an additional 320,305 shares during the period. State Street Corp boosted 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 valued at $246,131,000 after acquiring an additional 38,112 shares during the period. Janus Henderson Group PLC boosted 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 valued at $252,888,000 after acquiring an additional 615,655 shares during the period. Finally, Schroder Investment Management Group boosted 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 valued at $149,484,000 after acquiring an additional 209,448 shares during the period. Institutional investors own 88.83% of the company’s stock.
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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