Carlisle Companies (CSL) Lowered to “Sell” at Zacks Investment Research

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.

Shares of Carlisle Companies (NYSE CSL) traded down $1.02 during trading hours on Tuesday, reaching $115.94. 431,749 shares of the company were exchanged, compared to its average volume of 297,380. The company has a market capitalization of $7,250.55, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43. Carlisle Companies has a fifty-two week low of $92.09 and a fifty-two week high of $119.21.

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.

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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