Carlisle Cos. Inc. (CSL) Lowered to “Sell” at Zacks Investment Research
According to Zacks, “Carlisle Companies Incorporated manufactures and distributes a wide variety of products across a broad range of industries, including, among others, roofing, construction, trucking, automotive, foodservice, industrial equipment, lawn and garden and aircraft manufacturing. They market their products both as a component supplier to original equipment manufacturers, as well as directly to end users. “
CSL has been the subject of several other research reports. Oppenheimer Holdings Inc. reissued a buy rating and issued a $112.00 price target on shares of Carlisle Cos. in a research note on Tuesday, June 28th. SunTrust Banks Inc. initiated coverage on Carlisle Cos. in a research note on Thursday, June 16th. They issued a buy rating and a $120.00 price target for the company. Finally, Robert W. Baird reissued an outperform rating and issued a $108.00 price target on shares of Carlisle Cos. in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Carlisle Cos. currently has an average rating of Buy and a consensus target price of $113.57.
Shares of Carlisle Cos. (NYSE:CSL) opened at 102.24 on Monday. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 18.25 and a beta of 1.13. Carlisle Cos. has a 12 month low of $75.17 and a 12 month high of $109.13. The company has a 50-day moving average price of $103.05 and a 200-day moving average price of $102.66.
Carlisle Cos. (NYSE:CSL) last issued its earnings results on Tuesday, July 26th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Carlisle Cos. had a return on equity of 15.40% and a net margin of 10.14%. The business earned $996.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts forecast that Carlisle Cos. will post $5.77 earnings per share for the current fiscal year.
In other news, VP Scott C. Selbach sold 36,085 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $105.59, for a total value of $3,810,215.15. Following the transaction, the vice president now owns 67,112 shares in the company, valued at $7,086,356.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.71% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CSL. Norges Bank bought a new position in Carlisle Cos. during the fourth quarter worth $48,514,000. Glenmede Trust Co. NA raised its position in Carlisle Cos. by 2,401.4% in the first quarter. Glenmede Trust Co. NA now owns 18,185 shares of the company’s stock worth $1,808,000 after buying an additional 17,458 shares in the last quarter. Aperio Group LLC raised its position in Carlisle Cos. by 26.8% in the first quarter. Aperio Group LLC now owns 7,670 shares of the company’s stock worth $763,000 after buying an additional 1,622 shares in the last quarter. Pacad Investment Ltd. raised its position in Carlisle Cos. by 121.9% in the first quarter. Pacad Investment Ltd. now owns 6,214 shares of the company’s stock worth $618,000 after buying an additional 3,414 shares in the last quarter. Finally, Ngam Advisors L.P. raised its position in Carlisle Cos. by 10.0% in the first quarter. Ngam Advisors L.P. now owns 14,196 shares of the company’s stock worth $1,412,000 after buying an additional 1,293 shares in the last quarter. Institutional investors own 88.94% of the company’s stock.
About Carlisle Cos.
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).
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