Carlisle Companies (CSL) Rating Lowered to Sell at Zacks Investment Research
Carlisle Companies (NYSE:CSL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses with highly engineered and high margin products. Carlisle is committed to generating superior shareholder returns by combining a unique management style of decentralization, entrepreneurial spirit, active M&A, and a balanced approach to capital deployment, all with a culture of continuous improvement as embodied in the Carlisle Operating System. Carlisle’s markets include: commercial roofing, agriculture, mining, construction, aerospace, defense, foodservice, healthcare, sanitary maintenance, transportation, industrial, protective coating and auto refinishing. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, Carlisle Brake & Friction, and Carlisle FoodService Products. Carlisle remains committed to the core philosophies of Decentralization, Diversification, Continuous Improvement and an Entrepreneurial Culture. “
Other analysts have also recently issued research reports about the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research note on Friday, September 22nd. FBR & Co reaffirmed a “buy” rating on shares of Carlisle Companies in a research note on Tuesday, October 3rd. Robert W. Baird reaffirmed a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, October 4th. SunTrust Banks reaffirmed a “buy” rating and set a $120.00 target price on shares of Carlisle Companies in a research note on Wednesday, October 4th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $123.25.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. sell-side analysts predict that Carlisle Companies will post 4.89 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Carlisle Companies by 0.6% in the second 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 during the last quarter. Atlanta Capital Management Co. L L C grew its stake in shares of Carlisle Companies by 12.3% in the second 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 during the last quarter. State Street Corp grew its stake in shares of Carlisle Companies by 1.5% in the second 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 during the last quarter. Janus Henderson Group PLC grew its stake in shares of Carlisle Companies by 32.3% in the third quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock worth $252,888,000 after purchasing an additional 615,655 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Carlisle Companies by 16.4% in the third quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock worth $149,484,000 after purchasing an additional 209,448 shares during the last quarter. 88.91% of the stock is currently owned by institutional investors.
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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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