Shares of Carlisle Cos. Inc. (NYSE:CSL) have been assigned a consensus rating of “Buy” from the eight analysts that are covering the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $113.50.
A number of analysts have issued reports on CSL shares. SunTrust Banks Inc. started coverage on Carlisle Cos. in a research report on Thursday, June 16th. They issued a “buy” rating and a $120.00 target price on the stock. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $112.00 target price on shares of Carlisle Cos. in a research report on Tuesday, June 28th. Zacks Investment Research raised Carlisle Cos. from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Tuesday, June 28th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $108.00 target price on shares of Carlisle Cos. in a research report on Thursday, July 7th.
Carlisle Cos. (NYSE:CSL) traded up 0.7997% during mid-day trading on Thursday, hitting $104.9325. The stock had a trading volume of 86,848 shares. The stock has a market cap of $6.78 billion, a P/E ratio of 18.7313 and a beta of 1.13. Carlisle Cos. has a 52-week low of $75.17 and a 52-week high of $109.13. The firm has a 50-day moving average of $102.86 and a 200-day moving average of $102.70.
Carlisle Cos. (NYSE:CSL) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Carlisle Cos. had a return on equity of 15.40% and a net margin of 10.14%. The firm had revenue of $996.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm posted $1.54 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts forecast that Carlisle Cos. will post $5.77 EPS for the current fiscal year.
In other news, VP Scott C. Selbach sold 36,085 shares of the company’s stock in a transaction on 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 sale, the vice president now owns 67,112 shares of the company’s stock, valued at $7,086,356.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.71% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CSL. Glenmede Trust Co. NA raised its position in Carlisle Cos. by 2,401.4% in the first quarter. Glenmede Trust Co. NA now owns 18,185 shares of the company’s stock valued at $1,808,000 after buying an additional 17,458 shares during the period. Aperio Group LLC raised its position in 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. Pacad Investment Ltd. raised its position in Carlisle Cos. by 121.9% in the first quarter. Pacad Investment Ltd. now owns 6,214 shares of the company’s stock valued at $618,000 after buying an additional 3,414 shares during the period. Ngam Advisors L.P. raised its position in Carlisle Cos. by 10.0% in the first quarter. Ngam Advisors L.P. now owns 14,196 shares of the company’s stock valued at $1,412,000 after buying an additional 1,293 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in Carlisle Cos. by 76.6% in the first quarter. TIAA CREF Investment Management LLC now owns 200,567 shares of the company’s stock valued at $19,956,000 after buying an additional 86,989 shares during the period. 88.94% of the stock is currently owned by hedge funds and other institutional investors.
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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