Zacks Investment Research lowered shares of Carlisle Companies (NYSE:CSL) from a buy rating to a hold rating in a report released on Tuesday morning.
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. “
Several other research analysts have also recently weighed in on CSL. B. Riley reiterated a buy rating on shares of Carlisle Companies in a research report on Wednesday, November 1st. Robert W. Baird reiterated a buy rating on shares of Carlisle Companies in a research report on Wednesday, October 4th. FBR & Co reiterated a buy rating on shares of Carlisle Companies in a research report on Tuesday, October 3rd. BMO Capital Markets reiterated a buy rating and set a $130.00 price target on shares of Carlisle Companies in a research report on Friday, September 22nd. Finally, SunTrust Banks reiterated a buy rating and set a $120.00 price target on shares of Carlisle Companies in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $123.25.
Shares of Carlisle Companies (NYSE:CSL) traded down $1.32 during trading hours on Tuesday, hitting $116.96. The stock had a trading volume of 272,173 shares, compared to its average volume of 284,776. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.14. The stock has a market capitalization of $7,250.00, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.20 and a beta of 0.88. Carlisle Companies has a 1 year low of $92.09 and a 1 year high of $119.21.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.02. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. Carlisle Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $1.74 earnings per share. research analysts expect that Carlisle Companies will post 4.89 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of CSL. Janus Henderson Group PLC purchased a new stake in shares of Carlisle Companies in the second quarter valued at approximately $181,824,000. Fiduciary Management Inc. WI increased its position in shares of Carlisle Companies by 133.6% in the third quarter. Fiduciary Management Inc. WI now owns 894,087 shares of the conglomerate’s stock valued at $89,668,000 after buying an additional 511,269 shares in the last quarter. Atlanta Capital Management Co. L L C increased its position 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 valued at $279,625,000 after buying an additional 320,305 shares in the last quarter. Schroder Investment Management Group increased its position 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 valued at $149,484,000 after buying an additional 209,448 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Carlisle Companies in the third quarter valued at approximately $20,359,000. Institutional investors and hedge funds own 88.91% 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.
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