Carlisle Companies (NYSE:CSL) was upgraded by research analysts at Oppenheimer to a “buy” rating in a report released on Wednesday. The firm currently has a $125.00 price target on the conglomerate’s stock. Oppenheimer’s price target would indicate a potential upside of 16.99% from the company’s current price. Oppenheimer also issued estimates for Carlisle Companies’ FY2019 earnings at $7.05 EPS and FY2020 earnings at $8.15 EPS.

Other analysts have also issued reports about the stock. UBS Group raised shares of Carlisle Companies from a “market perform” rating to an “outperform” rating in a research report on Monday, December 17th. ValuEngine lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. B. Riley set a $145.00 price target on shares of Carlisle Companies and gave the company a “buy” rating in a research report on Friday, October 19th. Finally, Longbow Research raised shares of Carlisle Companies from a “neutral” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Tuesday, November 13th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $123.00.

Shares of Carlisle Companies stock opened at $106.85 on Wednesday. The company has a current ratio of 3.27, a quick ratio of 2.55 and a debt-to-equity ratio of 0.59. Carlisle Companies has a 1 year low of $92.16 and a 1 year high of $129.47. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.02.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.14). Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. As a group, equities research analysts forecast that Carlisle Companies will post 5.6 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CSL. Jefferies Group LLC raised its position in shares of Carlisle Companies by 63.1% in the 3rd quarter. Jefferies Group LLC now owns 16,916 shares of the conglomerate’s stock valued at $2,060,000 after purchasing an additional 6,546 shares during the last quarter. Bridgewater Associates LP purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $1,188,000. Marshall Wace LLP raised its position in shares of Carlisle Companies by 20.2% in the 2nd quarter. Marshall Wace LLP now owns 19,106 shares of the conglomerate’s stock valued at $2,069,000 after purchasing an additional 3,210 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $265,000. Finally, Caxton Associates LP purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $519,000. 87.31% of the stock is owned by institutional investors and hedge funds.

About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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