Carlisle Companies Incorporated (NYSE:CSL) Rating Lowered to Sell at BidaskClub

Carlisle Companies Incorporated (NYSE:CSL) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday, August 5th.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating and set a $115.00 price target on the stock in a research report on Wednesday, April 12th. CIBC restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. BMO Capital Markets restated a “buy” rating and set a $130.00 price target on shares of Carlisle Companies in a research report on Thursday, April 20th. Oppenheimer Holdings, Inc. set a $120.00 price objective on Carlisle Companies and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Carlisle Companies in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $122.50.

Shares of Carlisle Companies (CSL) traded down 0.44% during midday trading on Friday, reaching $92.75. The company had a trading volume of 383,044 shares. The company has a market capitalization of $5.86 billion, a PE ratio of 26.22 and a beta of 0.77. Carlisle Companies has a one year low of $92.09 and a one year high of $116.40. The company has a 50 day moving average of $97.28 and a 200 day moving average of $101.81.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business earned $1.75 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts predict that Carlisle Companies will post $5.19 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in Carlisle Companies by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,008 shares of the conglomerate’s stock valued at $105,000 after buying an additional 25 shares in the last quarter. NEXT Financial Group Inc boosted its stake in Carlisle Companies by 39.3% in the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after buying an additional 308 shares during the last quarter. Creative Planning boosted its stake in Carlisle Companies by 8.8% in the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after buying an additional 150 shares during the last quarter. Fairfax Financial Holdings Ltd Can acquired a new stake in Carlisle Companies during the first quarter valued at about $202,000. Finally, Palisade Capital Management LLC NJ acquired a new stake in Carlisle Companies during the first quarter valued at about $225,000. Hedge funds and other institutional investors own 93.69% 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.

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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