Carlisle Companies (CSL) Receives $125.00 Consensus Target Price from Brokerages

Shares of Carlisle Companies (NYSE:CSL) have received an average rating of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $123.33.

A number of brokerages have recently issued reports on CSL. BMO Capital Markets dropped their price target on Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday. B. Riley set a $125.00 price target on Carlisle Companies and gave the company a “buy” rating in a research report on Thursday, February 22nd. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. SunTrust Banks reiterated a “buy” rating and set a $130.00 price target on shares of Carlisle Companies in a research report on Friday, February 9th. Finally, Robert W. Baird dropped their price target on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, February 9th.

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CSL stock traded down $0.41 during mid-day trading on Wednesday, reaching $97.91. 525,222 shares of the company traded hands, compared to its average volume of 486,411. The company has a quick ratio of 1.73, a current ratio of 2.50 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $6,075.11, a PE ratio of 17.71, a PEG ratio of 1.03 and a beta of 0.85. Carlisle Companies has a 52-week low of $92.09 and a 52-week high of $119.21.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. Carlisle Companies had a return on equity of 13.53% and a net margin of 8.94%. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter last year, the company posted $1.32 EPS. equities research analysts anticipate that Carlisle Companies will post 5.95 EPS for the current fiscal year.

Carlisle Companies announced that its board has authorized a share buyback program on Tuesday, February 6th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in Carlisle Companies by 32.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock worth $252,888,000 after buying an additional 615,655 shares during the last quarter. Victory Capital Management Inc. lifted its position in Carlisle Companies by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,236,016 shares of the conglomerate’s stock worth $140,473,000 after buying an additional 73,621 shares during the last quarter. Fiduciary Management Inc. WI lifted its position in Carlisle Companies by 133.6% in the 3rd quarter. Fiduciary Management Inc. WI now owns 894,087 shares of the conglomerate’s stock worth $89,668,000 after buying an additional 511,269 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Carlisle Companies by 25.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 823,421 shares of the conglomerate’s stock worth $93,582,000 after buying an additional 169,323 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Carlisle Companies by 14.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 772,976 shares of the conglomerate’s stock worth $77,523,000 after buying an additional 99,614 shares during the last quarter. 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.

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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