Carlisle Cos. Inc. (CSL) Sets New 12-Month High at $107.60
Shares of Carlisle Cos. Inc. (NYSE:CSL) reached a new 52-week high during trading on Friday . The company traded as high as $107.60 and last traded at $107.41, with a volume of 96,181 shares trading hands. The stock had previously closed at $105.93.
A number of research firms recently commented on CSL. Robert W. Baird restated an “outperform” rating and issued a $108.00 price objective on shares of Carlisle Cos. in a research report 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 report on Tuesday, June 28th. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $112.00 target price on shares of Carlisle Cos. in a report on Tuesday, June 28th. SunTrust Banks Inc. started coverage on Carlisle Cos. in a report on Thursday, June 16th. They set a “buy” rating and a $120.00 target price for the company. Finally, Northcoast Research cut Carlisle Cos. from a “buy” rating to a “neutral” rating in a report on Thursday, June 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $113.57.
The company has a market capitalization of $6.92 billion and a P/E ratio of 20.39. The firm’s 50-day moving average is $102.66 and its 200 day moving average is $95.10.
Carlisle Cos. (NYSE:CSL) last released its earnings results on Wednesday, April 27th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.23. During the same quarter in the previous year, the firm earned $0.59 EPS. The firm earned $794 million during the quarter, compared to analyst estimates of $778.62 million. Carlisle Cos.’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts expect that Carlisle Cos. Inc. will post $5.71 earnings per share for the current fiscal year.
In related news, insider John W. Altmeyer sold 52,224 shares of the business’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $104.64, for a total value of $5,464,719.36. Following the transaction, the insider now owns 228,435 shares in the company, valued at $23,903,438.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Steven J. Ford sold 24,568 shares of the business’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $104.03, for a total transaction of $2,555,809.04. Following the completion of the transaction, the chief financial officer now owns 112,556 shares in the company, valued at approximately $11,709,200.68. The disclosure for this sale can be found here.
Other institutional investors have recently added to or reduced their stakes in 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 valued at $1,002,000 after buying an additional 347 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in Carlisle Cos. during the fourth quarter valued at about $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 valued at $3,730,000 after buying an additional 14,270 shares during 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 valued at $3,751,000 after buying an additional 803 shares during the last quarter. Finally, Whitebox Advisors LLC purchased a new position in Carlisle Cos. during the fourth quarter valued at about $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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