Carlisle Companies (CSL) Stock Rating Reaffirmed by Oppenheimer

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Carlisle Companies (NYSE:CSL)‘s stock had its “hold” rating restated by equities researchers at Oppenheimer in a research note issued on Sunday.

CSL has been the topic of a number of other reports. Longbow Research upgraded Carlisle Companies from a “neutral” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Tuesday, November 13th. SunTrust Banks raised their target price on Carlisle Companies from $132.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, October 1st. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research note on Monday, July 30th. B. Riley raised their target price on Carlisle Companies from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, BMO Capital Markets raised their target price on Carlisle Companies from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, September 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Carlisle Companies presently has a consensus rating of “Buy” and a consensus price target of $128.50.

CSL stock opened at $103.30 on Friday. The company has a current ratio of 3.27, a quick ratio of 2.55 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.25 and a beta of 1.10. Carlisle Companies has a 1 year low of $92.16 and a 1 year high of $129.47.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.14). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 13.47%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 earnings per share. As a group, analysts predict that Carlisle Companies will post 5.61 EPS for the current year.

In related news, Director David A. Roberts sold 36,533 shares of Carlisle Companies stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $127.52, for a total transaction of $4,658,688.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CSL. Wells Fargo & Company MN raised its stake in shares of Carlisle Companies by 178.4% during the second quarter. Wells Fargo & Company MN now owns 1,707,543 shares of the conglomerate’s stock valued at $184,943,000 after purchasing an additional 1,094,184 shares in the last quarter. Select Equity Group L.P. bought a new stake in shares of Carlisle Companies during the second quarter valued at about $82,864,000. Point72 Asset Management L.P. bought a new stake in shares of Carlisle Companies during the third quarter valued at about $65,970,000. Reinhart Partners Inc. bought a new stake in shares of Carlisle Companies during the second quarter valued at about $21,557,000. Finally, Janus Henderson Group PLC raised its stake in shares of Carlisle Companies by 4.4% during the second quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock valued at $464,263,000 after purchasing an additional 181,769 shares in the last quarter. Institutional investors and hedge funds own 87.07% of the company’s stock.

About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene 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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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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