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. “
Other equities analysts have also recently issued research reports about the stock. Robert W. Baird reissued an outperform rating and set a $108.00 price objective on shares of Carlisle Cos. in a research report on Thursday, July 7th. SunTrust Banks Inc. began coverage on shares of Carlisle Cos. in a research report on Thursday, June 16th. They issued a buy rating and a $120.00 price target on the stock. Finally, Oppenheimer Holdings Inc. reaffirmed a buy rating and issued a $112.00 price target on shares of Carlisle Cos. in a research report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Carlisle Cos. has an average rating of Buy and an average target price of $113.57.
Carlisle Cos. (NYSE:CSL) opened at 105.33 on Monday. The stock has a 50 day moving average price of $102.87 and a 200 day moving average price of $102.72. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 18.80 and a beta of 1.13. Carlisle Cos. has a 52-week low of $75.17 and a 52-week high of $109.13.
Carlisle Cos. (NYSE:CSL) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.12. The company had revenue of $996.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. Carlisle Cos. had a net margin of 10.14% and a return on equity of 15.40%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 EPS. Analysts anticipate that Carlisle Cos. will post $5.79 EPS for the current fiscal year.
In other news, VP Scott C. Selbach sold 36,085 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $105.59, for a total value of $3,810,215.15. Following the transaction, the vice president now owns 67,112 shares in the company, valued at approximately $7,086,356.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.71% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in CSL. Washington Trust Bank increased its position in shares of Carlisle Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,207 shares of the company’s stock worth $124,000 after buying an additional 7 shares during the last quarter. Mason Street Advisors LLC acquired a new position in shares of Carlisle Cos. during the second quarter worth $3,094,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Carlisle Cos. by 5.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 122,965 shares of the company’s stock worth $12,994,000 after buying an additional 6,306 shares during the last quarter. Calvert Investment Management Inc. increased its position in shares of Carlisle Cos. by 1,609.7% in the second quarter. Calvert Investment Management Inc. now owns 84,700 shares of the company’s stock worth $8,951,000 after buying an additional 79,746 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Carlisle Cos. by 30.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 735,029 shares of the company’s stock worth $77,633,000 after buying an additional 172,177 shares during the last quarter. Hedge funds and other institutional investors 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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