Carlisle Companies Incorporated (NYSE:CSL) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Carlisle Companies Incorporated (NYSE:CSL) from a sell rating to a hold rating in a research note issued to investors on Friday, October 27th.

According to Zacks, “Carlisle Companies Incorporated engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. 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. The Company operates through five segments: Carlisle Construction Materials (Construction Materials); Carlisle Interconnect Technologies (Interconnect Technologies); Carlisle Fluid Technologies; Carlisle Brake & Friction (Brake & Friction), and Carlisle FoodService Products. The Company markets its products as a component supplier to original equipment manufacturers and distributors, among others. Carlisle Companies Inc., markets its products to original equipment manufacturers and distributors. “

CSL has been the subject of several other reports. SunTrust Banks, Inc. upped their price target on shares of Carlisle Companies to $126.00 and gave the stock a buy rating in a report on Wednesday, October 25th. Robert W. Baird increased their price objective on Carlisle Companies from $110.00 to $118.00 and gave the company an outperform rating in a report on Wednesday, October 25th. FBR & Co set a $125.00 price objective on Carlisle Companies and gave the company a buy rating in a report on Wednesday, October 25th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Carlisle Companies in a research report on Wednesday, October 25th. Finally, BMO Capital Markets reaffirmed a buy rating and set a $130.00 price target on shares of Carlisle Companies in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $122.33.

Carlisle Companies (CSL) traded down $0.78 during trading hours on Friday, hitting $108.32. The company had a trading volume of 367,500 shares, compared to its average volume of 482,530. Carlisle Companies has a twelve month low of $92.09 and a twelve month high of $116.40. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $6,690.00, a P/E ratio of 20.20, a P/E/G ratio of 1.37 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company posted $1.74 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. research analysts anticipate that Carlisle Companies will post 4.97 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.37%. Carlisle Companies’s payout ratio is currently 29.25%.

In other news, insider John E. Berlin sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total transaction of $589,437.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.12% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas boosted its holdings in Carlisle Companies by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,177 shares of the conglomerate’s stock worth $494,000 after buying an additional 24 shares during the period. Traynor Capital Management Inc. boosted its holdings in Carlisle Companies by 1.1% in the 2nd quarter. Traynor Capital Management Inc. now owns 6,069 shares of the conglomerate’s stock valued at $589,000 after purchasing an additional 67 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Carlisle Companies by 3.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 75 shares during the period. US Bancorp DE boosted its holdings in Carlisle Companies by 0.9% in the 2nd quarter. US Bancorp DE now owns 9,718 shares of the conglomerate’s stock valued at $927,000 after purchasing an additional 89 shares during the period. Finally, Utah Retirement Systems boosted its holdings in Carlisle Companies by 0.9% in the 2nd quarter. Utah Retirement Systems now owns 11,530 shares of the conglomerate’s stock valued at $1,100,000 after purchasing an additional 100 shares during the period. 90.06% of the stock is owned by institutional investors.

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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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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