Carlisle Cos. Inc. (NYSE:CSL) has received an average recommendation of “Buy” from the eight analysts that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $113.50.
A number of brokerages recently issued reports on CSL. Zacks Investment Research lowered shares of Carlisle Cos. from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. Robert W. Baird reaffirmed an “outperform” rating and set a $108.00 target price on shares of Carlisle Cos. in a research report on Thursday, July 7th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $112.00 target price on shares of Carlisle Cos. in a research report on Tuesday, June 28th. Finally, SunTrust Banks Inc. began coverage on shares of Carlisle Cos. in a research report on Thursday, June 16th. They set a “buy” rating and a $120.00 target price on the stock.
In other news, VP Scott C. Selbach sold 36,085 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $105.59, for a total value of $3,810,215.15. Following the sale, the vice president now owns 67,112 shares of the company’s stock, valued at approximately $7,086,356.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.71% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in Carlisle Cos. by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 984 shares of the company’s stock valued at $103,000 after buying an additional 17 shares during the last quarter. NEXT Financial Group Inc raised its stake in Carlisle Cos. by 47.9% in the second quarter. NEXT Financial Group Inc now owns 1,158 shares of the company’s stock valued at $122,000 after buying an additional 375 shares during the last quarter. Washington Trust Bank raised its stake in Carlisle Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,207 shares of the company’s stock valued at $124,000 after buying an additional 7 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Carlisle Cos. during the second quarter valued at $141,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Carlisle Cos. during the second quarter valued at $201,000. 88.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carlisle Cos. (NYSE:CSL) opened at 105.62 on Thursday. The company has a market capitalization of $6.83 billion, a P/E ratio of 18.85 and a beta of 1.13. The firm’s 50 day moving average is $102.90 and its 200-day moving average is $102.90. Carlisle Cos. has a 52-week low of $75.17 and a 52-week high of $109.13.
Carlisle Cos. (NYSE:CSL) last announced its earnings results 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. Carlisle Cos. had a net margin of 10.14% and a return on equity of 15.40%. The business had revenue of $996.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Carlisle Cos.’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Carlisle Cos. will post $5.79 earnings per share for the current fiscal year.
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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