Carlisle Companies (NYSE:CSL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses with highly engineered and high margin products. Carlisle is committed to generating superior shareholder returns by combining a unique management style of decentralization, entrepreneurial spirit, active M&A, and a balanced approach to capital deployment, all with a culture of continuous improvement as embodied in the Carlisle Operating System. Carlisle’s markets include: commercial roofing, agriculture, mining, construction, aerospace, defense, foodservice, healthcare, sanitary maintenance, transportation, industrial, protective coating and auto refinishing. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, Carlisle Brake & Friction, and Carlisle FoodService Products. Carlisle remains committed to the core philosophies of Decentralization, Diversification, Continuous Improvement and an Entrepreneurial Culture. “
A number of other research analysts have also recently issued reports on CSL. B. Riley reissued a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, October 4th. FBR & Co reissued a “buy” rating on shares of Carlisle Companies in a research note on Tuesday, October 3rd. BMO Capital Markets restated a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research report on Friday, September 22nd. Finally, SunTrust Banks restated a “buy” rating and issued a $120.00 target price on shares of Carlisle Companies in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $123.25.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. sell-side analysts predict that Carlisle Companies will post 4.89 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of CSL. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Carlisle Companies during the third quarter worth $100,000. Toronto Dominion Bank acquired a new position in shares of Carlisle Companies during the third quarter worth $126,000. Marble Harbor Investment Counsel LLC acquired a new position in shares of Carlisle Companies during the third quarter worth $201,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Carlisle Companies by 3.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock worth $233,000 after purchasing an additional 75 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Carlisle Companies during the second quarter worth $253,000. Hedge funds and other institutional investors own 88.91% of the company’s stock.
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About Carlisle Companies
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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