Carlisle Companies (CSL) Lifted to Outperform at Oppenheimer

Oppenheimer upgraded shares of Carlisle Companies (NYSE:CSL) from a market perform rating to an outperform rating in a research note released on Sunday morning, MarketBeat.com reports. They currently have $125.00 target price on the conglomerate’s stock. Oppenheimer also issued estimates for Carlisle Companies’ FY2020 earnings at $7.95 EPS.

Several other equities research analysts have also issued reports on the stock. SunTrust Banks boosted their price target on shares of Carlisle Companies from $132.00 to $135.00 and gave the company a buy rating in a report on Monday, October 1st. B. Riley set a $145.00 price target on shares of Carlisle Companies and gave the company a buy rating in a report on Friday, October 19th. Longbow Research reaffirmed a hold rating on shares of Carlisle Companies in a report on Monday, September 24th. BMO Capital Markets upped their target price on shares of Carlisle Companies from $135.00 to $140.00 and gave the stock an outperform rating in a report on Friday, September 7th. Finally, Zacks Investment Research lowered shares of Carlisle Companies from a buy rating to a hold rating in a report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $128.00.

Shares of Carlisle Companies stock opened at $95.55 on Friday. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.55 and a current ratio of 3.27. Carlisle Companies has a 52-week low of $92.16 and a 52-week high of $129.47.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.14). The business 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 company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the firm earned $1.37 EPS. Analysts expect that Carlisle Companies will post 5.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 19th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, November 16th. Carlisle Companies’s payout ratio is 28.93%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rehmann Capital Advisory Group grew its holdings in shares of Carlisle Companies by 2.5% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,272 shares of the conglomerate’s stock worth $520,000 after purchasing an additional 104 shares during the last quarter. Morgan Stanley grew its holdings in shares of Carlisle Companies by 55.6% in the 3rd quarter. Morgan Stanley now owns 243,679 shares of the conglomerate’s stock worth $29,680,000 after purchasing an additional 87,036 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Carlisle Companies by 22.1% in the 3rd quarter. AQR Capital Management LLC now owns 119,782 shares of the conglomerate’s stock worth $14,589,000 after purchasing an additional 21,684 shares during the last quarter. Mackenzie Financial Corp lifted its position in Carlisle Companies by 63.2% during the 3rd quarter. Mackenzie Financial Corp now owns 31,801 shares of the conglomerate’s stock worth $3,873,000 after buying an additional 12,314 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Carlisle Companies during the 3rd quarter worth about $65,970,000. 87.31% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Company Profile

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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