Carlisle Companies’ (CSL) “Buy” Rating Reaffirmed at Robert W. Baird
Several other brokerages have also weighed in on CSL. BidaskClub lowered shares of Carlisle Companies from a hold rating to a sell rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of Carlisle Companies from a sell rating to a hold rating in a report on Monday, September 11th. Oppenheimer Holdings, Inc. reiterated a market perform rating on shares of Carlisle Companies in a report on Wednesday, June 14th. BMO Capital Markets reiterated a buy rating and set a $130.00 price objective on shares of Carlisle Companies in a report on Friday, September 22nd. Finally, FBR & Co reiterated an outperform rating and set a $125.00 price objective on shares of Carlisle Companies in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $122.00.
Carlisle Companies (NYSE CSL) traded up 0.05% during trading on Wednesday, reaching $103.18. The company’s stock had a trading volume of 268,469 shares. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $116.40. The stock’s 50-day moving average is $96.65 and its 200 day moving average is $99.60. The company has a market cap of $6.52 billion, a P/E ratio of 29.16 and a beta of 0.79.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.03). Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted $1.75 EPS. Carlisle Companies’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Carlisle Companies will post $5.15 EPS for the current fiscal year.
In related news, insider John E. Berlin sold 6,250 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total value of $589,437.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.12% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in Carlisle Companies by 2,245.8% in the 1st quarter. BlackRock Inc. now owns 5,977,338 shares of the conglomerate’s stock worth $636,048,000 after purchasing an additional 5,722,532 shares in the last quarter. Vanguard Group Inc. grew its position in Carlisle Companies by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,928,831 shares of the conglomerate’s stock worth $565,611,000 after purchasing an additional 35,069 shares in the last quarter. Atlanta Capital Management Co. L L C grew its position in Carlisle Companies by 12.3% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 2,931,083 shares of the conglomerate’s stock worth $279,625,000 after purchasing an additional 320,305 shares in the last quarter. State Street Corp grew its position in Carlisle Companies by 1.5% in the 2nd quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock worth $246,131,000 after purchasing an additional 38,112 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in Carlisle Companies in the 2nd quarter worth about $181,824,000. 88.55% of the stock is owned by institutional investors and hedge funds.
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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