Carlisle Companies (NYSE:CSL) had its target price lowered by BMO Capital Markets from $130.00 to $120.00 in a research note issued to investors on Friday. The firm currently has an outperform rating on the conglomerate’s stock.
Several other research firms also recently weighed in on CSL. Zacks Investment Research downgraded Carlisle Companies from a buy rating to a hold rating in a research report on Tuesday, January 9th. B. Riley set a $125.00 target price on Carlisle Companies and gave the stock a buy rating in a research report on Thursday, February 22nd. SunTrust Banks reiterated a buy rating and set a $130.00 target price on shares of Carlisle Companies in a research report on Friday, February 9th. Finally, Robert W. Baird reduced their target price on Carlisle Companies from $130.00 to $125.00 and set an outperform rating on the stock in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $123.38.
NYSE CSL opened at $98.32 on Friday. Carlisle Companies has a twelve month low of $92.09 and a twelve month high of $119.21. The stock has a market cap of $6,075.09, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.02 and a beta of 0.85. The company has a current ratio of 2.50, a quick ratio of 1.73 and a debt-to-equity ratio of 0.63.
Carlisle Companies declared that its board has approved a share repurchase program on Tuesday, February 6th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Carlisle Companies by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 734,480 shares of the conglomerate’s stock worth $83,474,000 after purchasing an additional 17,436 shares during the period. AMP Capital Investors Ltd raised its holdings in shares of Carlisle Companies by 45.7% in the 3rd quarter. AMP Capital Investors Ltd now owns 15,100 shares of the conglomerate’s stock worth $1,514,000 after purchasing an additional 4,736 shares during the period. First Quadrant L P CA purchased a new position in shares of Carlisle Companies in the 4th quarter worth about $5,628,000. Royce & Associates LP raised its holdings in shares of Carlisle Companies by 2.6% in the 4th quarter. Royce & Associates LP now owns 116,781 shares of the conglomerate’s stock worth $13,272,000 after purchasing an additional 3,000 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at about $4,245,000. Institutional investors own 88.01% of the company’s stock.
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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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