Carlisle Cos. Inc. (NYSE:CSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
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. “
Separately, Robert W. Baird reiterated an “outperform” rating and issued a $108.00 price target on shares of Carlisle Cos. in a research report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $113.57.
Shares of Carlisle Cos. (NYSE:CSL) opened at 102.80 on Thursday. The company’s 50 day moving average price is $102.61 and its 200 day moving average price is $103.30. The company has a market capitalization of $6.61 billion, a P/E ratio of 26.38 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 announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.05. The company earned $991 million during the quarter, compared to analysts’ expectations of $1.03 billion. Carlisle Cos. had a return on equity of 15.66% and a net margin of 6.99%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 earnings per share. Analysts expect that Carlisle Cos. will post $5.83 EPS for the current fiscal year.
In other Carlisle Cos. news, VP Scott C. Selbach sold 36,085 shares of Carlisle Cos. stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $105.59, for a total transaction of $3,810,215.15. Following the completion of the sale, the vice president now owns 67,112 shares of the company’s stock, valued at $7,086,356.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.71% of the company’s stock.
A number of large investors have recently modified their holdings of CSL. Aperio Group LLC raised its stake in shares of Carlisle Cos. by 26.8% in the first quarter. Aperio Group LLC now owns 7,670 shares of the company’s stock valued at $763,000 after buying an additional 1,622 shares during the period. Teachers Advisors Inc. raised its stake in shares of Carlisle Cos. by 1.4% in the first quarter. Teachers Advisors Inc. now owns 56,545 shares of the company’s stock valued at $5,626,000 after buying an additional 796 shares during the period. BB&T Securities LLC purchased a new stake in shares of Carlisle Cos. during the first quarter valued at about $262,000. UBS Group AG raised its stake in shares of Carlisle Cos. by 37.2% in the first quarter. UBS Group AG now owns 56,357 shares of the company’s stock valued at $5,608,000 after buying an additional 15,272 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Carlisle Cos. by 85.9% in the first quarter. UBS Asset Management Americas Inc. now owns 101,804 shares of the company’s stock valued at $10,129,000 after buying an additional 47,053 shares during the period. 88.65% of the stock is owned by hedge funds and other institutional investors.
About Carlisle Cos.
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).