Carlisle Cos. Inc. (CSL) Hits New 52-Week High at $107.60
Shares of Carlisle Cos. Inc. (NYSE:CSL) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $107.60 and last traded at $107.41, with a volume of 96,181 shares. The stock had previously closed at $105.93.
CSL has been the subject of a number of research reports. Wunderlich increased their target price on Carlisle Cos. from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, April 27th. Zacks Investment Research raised Carlisle Cos. from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Tuesday, March 22nd. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $112.00 target price on shares of Carlisle Cos. in a research note on Tuesday, June 28th. SunTrust Banks Inc. initiated coverage on Carlisle Cos. in a research note on Thursday, June 16th. They set a “buy” rating and a $120.00 target price for the company. Finally, Topeka Capital Markets initiated coverage on Carlisle Cos. in a research note on Thursday, May 26th. They set a “buy” rating and a $118.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Carlisle Cos. currently has a consensus rating of “Buy” and an average price target of $113.57.
The firm has a market capitalization of $6.94 billion and a P/E ratio of 20.43. The firm has a 50-day moving average of $102.46 and a 200 day moving average of $94.96.
Carlisle Cos. (NYSE:CSL) last released its quarterly earnings results on Wednesday, April 27th. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.23. The firm had revenue of $794 million for the quarter, compared to the consensus estimate of $778.62 million. During the same quarter last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts predict that Carlisle Cos. Inc. will post $5.71 earnings per share for the current fiscal year.
In related news, Director Lawrence A. Sala sold 4,000 shares of Carlisle Cos. stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $102.07, for a total value of $408,280.00. Following the transaction, the director now directly owns 22,248 shares of the company’s stock, valued at $2,270,853.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steven J. Ford sold 24,568 shares of Carlisle Cos. stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $104.03, for a total value of $2,555,809.04. Following the completion of the transaction, the chief financial officer now directly owns 112,556 shares in the company, valued at $11,709,200.68. The disclosure for this sale can be found here.
Other institutional investors recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its position in Carlisle Cos. by 3.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 11,298 shares of the company’s stock worth $1,002,000 after buying an additional 347 shares in the last quarter. Alambic Investment Management L.P. bought a new position in Carlisle Cos. during the fourth quarter worth approximately $1,021,000. Liberty Mutual Group Asset Management Inc. raised its position in Carlisle Cos. by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 42,047 shares of the company’s stock worth $3,730,000 after buying an additional 14,270 shares in the last quarter. Comerica Bank raised its position in Carlisle Cos. by 1.8% in the fourth quarter. Comerica Bank now owns 46,516 shares of the company’s stock worth $3,751,000 after buying an additional 803 shares in the last quarter. Finally, Whitebox Advisors LLC bought a new position in Carlisle Cos. during the fourth quarter worth approximately $4,556,000.
Carlisle Companies Incorporated (Carlisle) is a holding company for Carlisle Corporation and its wholly-owned subsidiaries. Carlisle is a diversified manufacturing company. The Company operates through four segments.. The Carlisle Construction Materials segment manufactures and sells rubber, thermoplastic polyolefin and polyvinyl chloride membrane roofing systems.
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