Carlisle Companies (NYSE:CSL) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Carlisle Companies (NYSE:CSL – Get Rating) in a research note issued on Thursday. The brokerage set a “buy” rating on the conglomerate’s stock.

CSL has been the subject of a number of other research reports. Wells Fargo & Company upped their price target on Carlisle Companies from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. Robert W. Baird increased their price target on Carlisle Companies from $315.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $331.00.

Carlisle Companies Trading Down 6.2 %

Carlisle Companies stock opened at $222.63 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.39 and a debt-to-equity ratio of 0.75. The business’s fifty day simple moving average is $249.70 and its two-hundred day simple moving average is $260.44. Carlisle Companies has a 12 month low of $220.84 and a 12 month high of $318.71. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 0.66 and a beta of 0.94.

Carlisle Companies (NYSE:CSL – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The conglomerate reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.86 by $0.06. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Carlisle Companies had a return on equity of 36.27% and a net margin of 14.02%. Carlisle Companies’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.92 earnings per share. As a group, equities analysts predict that Carlisle Companies will post 21.55 earnings per share for the current fiscal year.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 8,111 shares of Carlisle Companies stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $253.35, for a total transaction of $2,054,921.85. Following the completion of the sale, the chief financial officer now owns 30,515 shares of the company’s stock, valued at approximately $7,730,975.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Coppell Advisory Solutions Corp. purchased a new position in shares of Carlisle Companies in the 4th quarter valued at about $29,000. Hanseatic Management Services Inc. purchased a new stake in shares of Carlisle Companies in the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Carlisle Companies in the third quarter valued at approximately $36,000. Belpointe Asset Management LLC purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $50,000. Finally, Alta Advisers Ltd acquired a new position in Carlisle Companies in the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

About Carlisle Companies

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Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT). The CCM segment offers a range of building envelope products for commercial, industrial, and residential buildings, including single-ply roofing, rigid foam insulation, spray polyurethane foam technologies, architectural metal, heating, ventilation and air conditioning (HVAC) hardware and sealants, below-grade waterproofing, and air and vapor barrier systems focused on the weatherproofing and thermal performance of the building envelope.