Carlisle Companies (NYSE:CSL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, January 2nd. The brokerage presently has a $127.00 price objective on the conglomerate’s stock. Zacks Investment Research‘s target price points to a potential upside of 7.81% from the company’s previous close.
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 equities research analysts have also issued research reports about the stock. B. Riley reaffirmed a “buy” rating on shares of Carlisle Companies in a report on Wednesday, November 1st. FBR & Co set a $125.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a report on Wednesday, October 25th. Buckingham Research started coverage on shares of Carlisle Companies in a report on Tuesday, September 5th. They set a “buy” rating and a $115.00 target price for the company. SunTrust Banks reissued a “buy” rating and issued a $120.00 price objective on shares of Carlisle Companies in a report on Wednesday, October 4th. Finally, Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $123.25.
Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.02. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm earned $1.74 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. equities research analysts forecast that Carlisle Companies will post 4.89 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at about $420,000. Oakbrook Investments LLC purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at about $597,000. Schwab Charles Investment Management Inc. lifted its position in Carlisle Companies by 4.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 226,671 shares of the conglomerate’s stock valued at $25,762,000 after buying an additional 10,046 shares during the last quarter. Creative Planning acquired a new position in Carlisle Companies in the fourth quarter valued at about $221,000. Finally, Leith Wheeler Investment Counsel Ltd. lifted its position in Carlisle Companies by 5.4% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 29,497 shares of the conglomerate’s stock valued at $3,352,000 after buying an additional 1,510 shares during the last quarter. 88.91% of the stock is owned by hedge funds and other institutional investors.
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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