Carlisle Companies (NYSE:CSL) Downgraded by ValuEngine to Hold

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ValuEngine downgraded shares of Carlisle Companies (NYSE:CSL) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

A number of other research analysts also recently commented on CSL. Oppenheimer increased their target price on shares of Carlisle Companies from $150.00 to $155.00 and gave the company an outperform rating in a research report on Tuesday, June 18th. Buckingham Research downgraded shares of Lithia Motors from a buy rating to a neutral rating and increased their target price for the company from $120.00 to $125.00 in a research report on Monday, July 8th. They noted that the move was a valuation call. BMO Capital Markets increased their target price on shares of Inflarx to $64.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. Zacks Investment Research raised shares of Triple-S Management from a hold rating to a buy rating and set a $26.00 target price on the stock in a research report on Monday, April 29th. Finally, Robert W. Baird lowered their price objective on shares of Waters from $211.00 to $209.00 and set a neutral rating on the stock in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Carlisle Companies currently has a consensus rating of Buy and a consensus target price of $141.50.

NYSE CSL opened at $129.84 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.96 and a quick ratio of 2.15. The firm has a fifty day moving average of $137.14. The stock has a market cap of $7.49 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04. Carlisle Companies has a 12 month low of $92.16 and a 12 month high of $142.30.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, April 23rd. The conglomerate reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.31. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Carlisle Companies had a net margin of 8.34% and a return on equity of 15.22%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $0.97 EPS. As a group, equities analysts expect that Carlisle Companies will post 7.79 earnings per share for the current year.

In other Carlisle Companies news, Director David A. Roberts sold 28,571 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $137.74, for a total transaction of $3,935,369.54. Following the transaction, the director now directly owns 88,397 shares of the company’s stock, valued at approximately $12,175,802.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its stake in shares of Carlisle Companies by 148.2% in the 1st quarter. Advisory Services Network LLC now owns 283 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 169 shares during the period. Brand Asset Management Group Inc. acquired a new stake in shares of Carlisle Companies in the 1st quarter worth $36,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Carlisle Companies in the 1st quarter worth $45,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Carlisle Companies in the 2nd quarter worth $96,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Carlisle Companies in the 1st quarter worth $100,000. Institutional investors own 87.11% of the company’s stock.

About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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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