Carlisle Companies (NYSE:CSL) Downgraded to “Hold” at ValuEngine

ValuEngine downgraded shares of Carlisle Companies (NYSE:CSL) from a buy rating to a hold rating in a research note published on Wednesday morning, ValuEngine reports.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research raised Triple-S Management from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research report on Monday, April 29th. Buckingham Research cut Lithia Motors from a buy rating to a neutral rating and boosted their price objective for the stock from $120.00 to $125.00 in a research report on Monday, July 8th. They noted that the move was a valuation call. BMO Capital Markets boosted their price objective on Inflarx to $64.00 and gave the stock an outperform rating in a research report on Wednesday, April 24th. Oppenheimer boosted their price objective on Carlisle Companies from $150.00 to $155.00 and gave the stock an outperform rating in a research report on Tuesday, June 18th. Finally, Robert W. Baird cut their price objective on Waters from $211.00 to $209.00 and set a neutral rating on the stock in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $141.50.

CSL stock opened at $129.84 on Wednesday. The stock has a fifty day simple moving average of $137.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.15 and a current ratio of 2.96. Carlisle Companies has a 1-year low of $92.16 and a 1-year high of $142.30. The stock has a market capitalization of $7.41 billion, a PE ratio of 19.55, a P/E/G ratio of 1.11 and a beta of 1.04.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.31. Carlisle Companies had a return on equity of 15.22% and a net margin of 8.34%. The business 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 firm earned $0.97 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Carlisle Companies will post 7.79 earnings per share for the current year.

In other Carlisle Companies news, Director David A. Roberts sold 28,571 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $137.74, for a total value of $3,935,369.54. Following the sale, the director now directly owns 88,397 shares in the company, valued at $12,175,802.78. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CSL. Northern Trust Corp raised its stake in shares of Carlisle Companies by 0.9% in the fourth quarter. Northern Trust Corp now owns 465,486 shares of the conglomerate’s stock valued at $46,790,000 after buying an additional 4,071 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Carlisle Companies by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 962,410 shares of the conglomerate’s stock valued at $96,735,000 after buying an additional 37,916 shares during the period. Natixis Advisors L.P. raised its stake in shares of Carlisle Companies by 22.9% in the fourth quarter. Natixis Advisors L.P. now owns 27,511 shares of the conglomerate’s stock valued at $2,766,000 after buying an additional 5,125 shares during the period. Brown Advisory Inc. raised its stake in shares of Carlisle Companies by 43.4% in the fourth quarter. Brown Advisory Inc. now owns 5,938 shares of the conglomerate’s stock valued at $597,000 after buying an additional 1,797 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Carlisle Companies by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 585,700 shares of the conglomerate’s stock valued at $58,874,000 after buying an additional 39,715 shares during the period. Hedge funds and other institutional investors own 87.11% of the company’s stock.

Carlisle Companies Company Profile

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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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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