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 Tuesday.

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 topic of a number of other reports. Oppenheimer Holdings, Inc. set a $120.00 target price on Carlisle Companies and gave the stock a “buy” rating in a research report on Tuesday, June 6th. BMO Capital Markets reiterated a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research report on Friday, September 22nd. CIBC reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. BidaskClub downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, FBR & Co reiterated an “outperform” rating and issued a $125.00 target price on shares of Carlisle Companies in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $121.00.

Carlisle Companies (CSL) opened at 100.80 on Tuesday. Carlisle Companies has a one year low of $92.09 and a one year high of $116.40. The stock has a market capitalization of $6.37 billion, a PE ratio of 28.49 and a beta of 0.77. The company’s 50 day moving average price is $95.60 and its 200-day moving average price is $100.02.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.03). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $1.75 EPS. Analysts expect that Carlisle Companies will post $5.16 earnings per share for the current year.

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In related news, insider John E. Berlin sold 6,250 shares of the business’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 filing with the SEC, which is available through this link. 2.12% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. NEXT Financial Group Inc raised its position in Carlisle Companies by 39.3% during the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after purchasing an additional 308 shares during the period. Creative Planning raised its position in Carlisle Companies by 8.8% during the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after purchasing an additional 150 shares during the period. Fairfax Financial Holdings Ltd Can purchased a new stake in Carlisle Companies during the first quarter valued at approximately $202,000. Raymond James Financial Services Advisors Inc. raised its position in Carlisle Companies by 3.2% during the second 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. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Carlisle Companies during the second quarter valued at approximately $253,000. Institutional investors and hedge funds own 88.55% of the company’s stock.

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.

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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