Carlisle Companies (CSL) Trading 0.4% Higher on Analyst Upgrade

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Carlisle Companies, Inc. (NYSE:CSL) traded up 0.4% on Thursday after ValuEngine upgraded the stock from a hold rating to a buy rating. The company traded as high as $141.50 and last traded at $138.70. 16,033 shares traded hands during trading, a decline of 95% from the average session volume of 337,491 shares. The stock had previously closed at $138.10.

A number of other brokerages have also recently weighed in on CSL. Robert W. Baird lifted their price objective on shares of Carlisle Companies from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of Carlisle Companies from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday. Oppenheimer lifted their price objective on shares of Carlisle Companies from $140.00 to $150.00 in a research note on Wednesday. Zacks Investment Research cut shares of Carlisle Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $138.00 price target on shares of Carlisle Companies in a research report on Sunday, February 10th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $132.71.

In other Carlisle Companies news, CEO D Christian Koch sold 30,255 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $120.08, for a total value of $3,633,020.40. Following the sale, the chief executive officer now directly owns 141,651 shares in the company, valued at $17,009,452.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Scott C. Selbach sold 20,850 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $119.83, for a total transaction of $2,498,455.50. Following the completion of the sale, the vice president now owns 62,916 shares in the company, valued at $7,539,224.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,865 shares of company stock worth $8,452,327. 1.70% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. JOYN Advisors Inc. raised its holdings in Carlisle Companies by 195.6% during the 4th quarter. JOYN Advisors Inc. now owns 269 shares of the conglomerate’s stock worth $27,000 after buying an additional 178 shares during the period. Brand Asset Management Group Inc. purchased a new position in Carlisle Companies during the 1st quarter valued at about $36,000. Tributary Capital Management LLC purchased a new position in Carlisle Companies during the 4th quarter valued at about $50,000. Ffcm LLC grew its stake in Carlisle Companies by 262.3% during the 4th quarter. Ffcm LLC now owns 1,395 shares of the conglomerate’s stock valued at $140,000 after acquiring an additional 1,010 shares in the last quarter. Finally, First Mercantile Trust Co. grew its stake in Carlisle Companies by 60.2% during the 4th quarter. First Mercantile Trust Co. now owns 1,995 shares of the conglomerate’s stock valued at $200,000 after acquiring an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 90.70% of the company’s stock.

The company has a quick ratio of 2.69, a current ratio of 3.45 and a debt-to-equity ratio of 0.61. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 1.16 and a beta of 1.01.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, April 23rd. The conglomerate reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.31. Carlisle Companies had a return on equity of 15.03% and a net margin of 8.34%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, sell-side analysts predict that Carlisle Companies, Inc. will post 7.38 earnings per share for the current year.

Carlisle Companies declared that its board has authorized a stock buyback plan on Tuesday, February 5th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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About Carlisle Companies (NYSE:CSL)

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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