Carlisle Cos. Inc. (NYSE:CSL) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Carlisle Cos. Inc. (NYSE:CSL) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $113.50.
A number of equities research analysts have issued reports on CSL shares. SunTrust Banks Inc. started coverage on Carlisle Cos. in a research report on Thursday, June 16th. They set a “buy” rating and a $120.00 price objective on the stock. Oppenheimer Holdings Inc. restated a “buy” rating and set a $112.00 price objective on shares of Carlisle Cos. in a research report on Tuesday, June 28th. Zacks Investment Research upgraded Carlisle Cos. from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Tuesday, June 28th. Finally, Robert W. Baird restated an “outperform” rating and set a $108.00 price objective on shares of Carlisle Cos. in a research report on Thursday, July 7th.
Carlisle Cos. (NYSE:CSL) traded up 0.7997% during midday trading on Thursday, hitting $104.9325. The company had a trading volume of 86,848 shares. Carlisle Cos. has a 52 week low of $75.17 and a 52 week high of $109.13. The stock has a 50 day moving average price of $102.86 and a 200 day moving average price of $102.70. The company has a market capitalization of $6.78 billion, a P/E ratio of 18.7313 and a beta of 1.13.
Carlisle Cos. (NYSE:CSL) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.75 EPS for the quarter, beating 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 company earned $996.90 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that Carlisle Cos. will post $5.77 earnings per share for the current fiscal year.
In other Carlisle Cos. news, VP Scott C. Selbach sold 36,085 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $105.59, for a total transaction of $3,810,215.15. Following the transaction, the vice president now directly owns 67,112 shares in the company, valued at approximately $7,086,356.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.71% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in Carlisle Cos. by 7.9% in the first quarter. M&T Bank Corp now owns 13,693 shares of the company’s stock valued at $1,362,000 after buying an additional 1,003 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in Carlisle Cos. during the first quarter valued at approximately $299,000. BlackRock Japan Co. Ltd increased its position in Carlisle Cos. by 948.4% in the first quarter. BlackRock Japan Co. Ltd now owns 37,293 shares of the company’s stock valued at $3,711,000 after buying an additional 33,736 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Carlisle Cos. by 28.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,518,429 shares of the company’s stock valued at $250,584,000 after buying an additional 564,390 shares during the last quarter. Finally, BlackRock Group LTD increased its position in Carlisle Cos. by 191.1% in the first quarter. BlackRock Group LTD now owns 212,652 shares of the company’s stock valued at $21,158,000 after buying an additional 139,595 shares during the last quarter. Institutional investors own 88.94% of the company’s stock.
Carlisle Cos. Company Profile
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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