Carlisle Cos. Inc. (CSL) Shares Gap Up to $104.74
Carlisle Cos. Inc. (NYSE:CSL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $104.40, but opened at $104.74. Carlisle Cos. shares last traded at $105.66, with a volume of 91,105 shares changing hands.
CSL has been the subject of several recent analyst reports. Robert W. Baird restated an “outperform” rating and set a $108.00 target price on shares of Carlisle Cos. in a research note on Thursday. Zacks Investment Research upgraded Carlisle Cos. from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Friday, April 29th. 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. Royal Bank Of Canada decreased their target price on Carlisle Cos. from $102.00 to $93.00 and set a “sector perform” rating for the company in a research note on Thursday, April 28th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating and set a $112.00 target price on shares of Carlisle Cos. in a research note on Tuesday, June 28th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Carlisle Cos. presently has a consensus rating of “Buy” and a consensus target price of $113.57.
The stock has a market capitalization of $6.92 billion and a P/E ratio of 20.39. The firm’s 50 day moving average price is $102.66 and its 200 day moving average price is $95.10.
Carlisle Cos. (NYSE:CSL) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.23. During the same quarter in the prior year, the company earned $0.59 earnings per share. The firm had revenue of $794 million for the quarter, compared to analyst estimates of $778.62 million. The business’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts expect that Carlisle Cos. Inc. will post $5.71 EPS for the current year.
In other news, CFO Steven J. Ford sold 24,568 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 112,556 shares in the company, valued at $11,709,200.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman David A. Roberts sold 24,740 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $99.80, for a total value of $2,469,052.00. Following the completion of the sale, the chairman now owns 147,617 shares of the company’s stock, valued at approximately $14,732,176.60. The disclosure for this sale can be found here.
Other large investors recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. bought a new stake in Carlisle Cos. during the fourth quarter worth about $13,359,000. Morgan Stanley raised its stake in Carlisle Cos. by 7.3% in the fourth quarter. Morgan Stanley now owns 139,263 shares of the company’s stock worth $12,350,000 after buying an additional 9,455 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake 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 during the period. Vanguard Group Inc. raised its stake in Carlisle Cos. by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,748,067 shares of the company’s stock worth $421,106,000 after buying an additional 86,536 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in Carlisle Cos. by 88.8% in the fourth quarter. State of Wisconsin Investment Board now owns 261,183 shares of the company’s stock worth $23,164,000 after buying an additional 122,840 shares during the period.
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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