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.
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