Carlisle Cos. Inc. (CSL) Cut to Sell at Zacks Investment Research
According to Zacks, “Carlisle Companies Incorporated manufactures and distributes a wide variety of products across a broad range of industries, including, among others, roofing, construction, trucking, automotive, foodservice, industrial equipment, lawn and garden and aircraft manufacturing. They market their products both as a component supplier to original equipment manufacturers, as well as directly to end users. “
Several other equities analysts also recently commented on the stock. Robert W. Baird reissued an outperform rating and set a $108.00 target price on shares of Carlisle Cos. in a research report on Thursday, July 7th. Oppenheimer Holdings Inc. reissued a buy rating and set a $112.00 target price on shares of Carlisle Cos. in a research report on Tuesday, June 28th. Finally, SunTrust Banks Inc. began coverage on shares of Carlisle Cos. in a report on Thursday, June 16th. They set a buy rating and a $120.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Carlisle Cos. has an average rating of Buy and a consensus target price of $113.57.
Carlisle Cos. (NYSE:CSL) opened at 104.10 on Monday. The stock’s 50 day moving average price is $102.86 and its 200 day moving average price is $102.70. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 18.58 and a beta of 1.13. Carlisle Cos. has a 12-month low of $75.17 and a 12-month high of $109.13.
Carlisle Cos. (NYSE:CSL) last posted its earnings results on Tuesday, July 26th. The company reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.12. The firm had revenue of $996.90 million for the quarter, compared to the consensus estimate of $1.01 billion. Carlisle Cos. had a net margin of 10.14% and a return on equity of 15.40%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 earnings per share. On average, equities research analysts anticipate that Carlisle Cos. will post $5.77 earnings per share for the current fiscal year.
In related news, VP Scott C. Selbach sold 36,085 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $105.59, for a total value of $3,810,215.15. Following the completion of the sale, the vice president now owns 67,112 shares in the company, valued at $7,086,356.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.71% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Washington Trust Bank boosted its stake in Carlisle Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,207 shares of the company’s stock valued at $124,000 after buying an additional 7 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Carlisle Cos. by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 984 shares of the company’s stock valued at $103,000 after buying an additional 17 shares during the last quarter. Genesee Valley Trust Co. boosted its stake in Carlisle Cos. by 1.7% in the second quarter. Genesee Valley Trust Co. now owns 2,458 shares of the company’s stock valued at $260,000 after buying an additional 42 shares during the last quarter. Calvert Investment Management Inc. boosted its stake in Carlisle Cos. by 1.9% in the second quarter. Calvert Investment Management Inc. now owns 5,050 shares of the company’s stock valued at $534,000 after buying an additional 96 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Carlisle Cos. by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 35,000 shares of the company’s stock valued at $3,699,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 88.94% of the company’s stock.
Carlisle Cos. Company Profile
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).
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