Shares of Carlisle Companies Incorporated (NYSE:CSL) have been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $121.67.
A number of analysts have commented on the company. CIBC reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $120.00 target price on shares of Carlisle Companies in a report on Wednesday, October 4th. FBR & Co reissued a “buy” rating on shares of Carlisle Companies in a report on Tuesday, October 3rd. Buckingham Research assumed coverage on Carlisle Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $115.00 target price for the company. Finally, Zacks Investment Research lowered Carlisle Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 6th.
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Carlisle Companies (NYSE CSL) opened at 99.73 on Wednesday. Carlisle Companies has a 52-week low of $92.09 and a 52-week high of $116.40. The stock has a market cap of $6.30 billion, a PE ratio of 28.19 and a beta of 0.79. The firm has a 50-day moving average price of $97.58 and a 200 day moving average price of $99.40.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.75 EPS. On average, analysts forecast that Carlisle Companies will post $5.14 earnings per share for the current fiscal year.
In other news, insider John E. Berlin sold 6,250 shares of the firm’s stock in a transaction on 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 can be accessed through the SEC website. Company insiders own 2.12% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CSL. UBS Asset Management Americas Inc. boosted its stake in shares of Carlisle Companies by 46.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 49,531 shares of the conglomerate’s stock worth $5,271,000 after buying an additional 15,645 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Carlisle Companies in the 1st quarter worth $252,000. Neuberger Berman Group LLC boosted its stake in shares of Carlisle Companies by 4.8% in the 1st quarter. Neuberger Berman Group LLC now owns 8,848 shares of the conglomerate’s stock worth $942,000 after buying an additional 402 shares during the last quarter. Credit Agricole S A boosted its stake in shares of Carlisle Companies by 216.3% in the 1st quarter. Credit Agricole S A now owns 8,946 shares of the conglomerate’s stock worth $952,000 after buying an additional 6,118 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of Carlisle Companies by 25.8% in the 1st quarter. OppenheimerFunds Inc. now owns 8,485 shares of the conglomerate’s stock worth $903,000 after buying an additional 1,738 shares during the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.
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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