Carlisle Companies (CSL) Lowered to Hold at Zacks Investment Research
Carlisle Companies (NYSE:CSL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses with highly engineered and high margin products. Carlisle is committed to generating superior shareholder returns by combining a unique management style of decentralization, entrepreneurial spirit, active M&A, and a balanced approach to capital deployment, all with a culture of continuous improvement as embodied in the Carlisle Operating System. Carlisle’s markets include: commercial roofing, agriculture, mining, construction, aerospace, defense, foodservice, healthcare, sanitary maintenance, transportation, industrial, protective coating and auto refinishing. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, Carlisle Brake & Friction, and Carlisle FoodService Products. Carlisle remains committed to the core philosophies of Decentralization, Diversification, Continuous Improvement and an Entrepreneurial Culture. “
A number of other research firms have also recently commented on CSL. B. Riley restated a “buy” rating and set a $125.00 target price on shares of Carlisle Companies in a research report on Friday, December 22nd. SunTrust Banks raised their target price on Carlisle Companies to $126.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Oppenheimer restated a “hold” rating on shares of Carlisle Companies in a research report on Wednesday, October 25th. Robert W. Baird raised their target price on Carlisle Companies from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, FBR & Co set a $125.00 target price on Carlisle Companies and gave the company a “buy” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $123.25.
Carlisle Companies (NYSE:CSL) traded down $0.81 during trading hours on Tuesday, hitting $117.94. The stock had a trading volume of 210,071 shares, compared to its average volume of 288,767. Carlisle Companies has a 52-week low of $92.09 and a 52-week high of $119.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43. The firm has a market cap of $7,340.00, a PE ratio of 23.31, a PEG ratio of 1.20 and a beta of 0.88.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.02. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $1.74 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. equities research analysts expect that Carlisle Companies will post 4.89 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of CSL. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Carlisle Companies by 13.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,732 shares of the conglomerate’s stock valued at $261,000 after buying an additional 330 shares in the last quarter. Swiss National Bank lifted its stake in Carlisle Companies by 0.9% in the 2nd quarter. Swiss National Bank now owns 107,600 shares of the conglomerate’s stock valued at $10,265,000 after buying an additional 1,000 shares in the last quarter. Seven Eight Capital LP purchased a new position in Carlisle Companies in the 2nd quarter valued at about $2,929,000. Icon Advisers Inc. Co. lifted its stake in Carlisle Companies by 27.3% in the 2nd quarter. Icon Advisers Inc. Co. now owns 7,000 shares of the conglomerate’s stock valued at $668,000 after buying an additional 1,500 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Carlisle Companies by 25.4% in the 2nd quarter. Amalgamated Bank now owns 12,531 shares of the conglomerate’s stock valued at $1,195,000 after buying an additional 2,537 shares in the last quarter. 88.91% of the stock is currently owned by hedge funds and other institutional investors.
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Carlisle Companies Company Profile
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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