Rating Change: What To Expect After Carlisle Companies Incorporated (NYSE:CSL)’s Downgrade Rating From Longbow Research?

November 29, 2016 - By whatsonthorold

Rating Change: What To Expect After Carlisle Companies Incorporated (NYSE:CSL)'s Downgrade Rating From Longbow Research?

Carlisle Companies Incorporated (NYSE:CSL) Downgrade

Carlisle Companies Incorporated (NYSE:CSL) was decreased by Longbow Research from a “Buy” rating to a “Neutral” rating in a analysts note revealed to clients and investors on Tuesday morning.

Carlisle Companies, Inc. (NYSE:CSL) Ratings Coverage

Out of 6 analysts covering Carlisle Companies (NYSE:CSL), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $110 is the highest target while $89 is the lowest. The $104 average target is -9.41% below today’s ($114.8) stock price. Carlisle Companies has been the topic of 10 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, October 22. Topeka Capital Markets initiated the stock with “Buy” rating in Thursday, May 26 report. As per Monday, October 5, the company rating was maintained by Oppenheimer. RBC Capital Markets maintained the shares of CSL in a report on Thursday, April 28 with “Sector Perform” rating. The rating was downgraded by KeyBanc Capital Markets on Tuesday, September 29 to “Sector Weight”. The company was maintained on Friday, January 22 by Oppenheimer. Wunderlich initiated it with “Buy” rating and $110 target price in Wednesday, December 16 report. Northcoast downgraded the stock to “Neutral” rating in Thursday, June 2 report. The stock has “Outperform” rating given by Oppenheimer on Tuesday, September 1.

About 217,970 shares traded hands. Carlisle Companies, Inc. (NYSE:CSL) has risen 14.48% since April 26, 2016 and is uptrending. It has outperformed by 9.22% the S&P500.

Analysts await Carlisle Companies, Inc. (NYSE:CSL) to report earnings on February, 9 after the close. They expect $1.29 earnings per share, up 4.03% or $0.05 from last year’s $1.24 per share. CSL’s profit will be $82.03M for 22.25 P/E if the $1.29 EPS becomes a reality. After $1.74 actual earnings per share reported by Carlisle Companies, Inc. for the previous quarter, Wall Street now forecasts -25.86% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.2 in 2016 Q2. Its down 0.01, from 1.21 in 2016Q1. The ratio dived, as 26 funds sold all Carlisle Companies, Inc. shares owned while 100 reduced positions. 44 funds bought stakes while 109 increased positions. They now own 55.69 million shares or 4.40% less from 58.26 million shares in 2016Q1.

Bridgeway Mngmt last reported 0.52% of its portfolio in the stock. The New York-based Highbridge Mngmt Lc has invested 0.05% in Carlisle Companies, Inc. (NYSE:CSL). Prudential Fincl Inc reported 744,936 shares or 0.13% of all its holdings. Bancshares Of New York Mellon Corporation last reported 0.03% of its portfolio in the stock. The Pennsylvania-based Stevens Management L P has invested 0.08% in Carlisle Companies, Inc. (NYSE:CSL). Penn Cap Mgmt Commerce last reported 64,863 shares in the company. Ny Life holds 0.44% or 859 shares in its portfolio. Frontier Cap Mgmt Ltd Liability Corp has 0.05% invested in the company for 60,802 shares. Johnson Investment Counsel Inc reported 185,447 shares or 0.65% of all its holdings. Moreover, Aqr Capital Mngmt Ltd Com has 0.12% invested in Carlisle Companies, Inc. (NYSE:CSL) for 644,224 shares. Metropolitan Life Insur holds 0.05% or 61,106 shares in its portfolio. Next Fincl Group Inc has 1,158 shares for 0.04% of their US portfolio. Dimensional Fund Advisors Limited Partnership accumulated 0.03% or 487,673 shares. Gardner Russo And Gardner Limited Liability Corp accumulated 0% or 2,700 shares. Parametric Port Assoc Llc, a Washington-based fund reported 283,170 shares.

Insider Transactions: Since June 13, 2016, the stock had 0 buys, and 3 selling transactions for $12.01 million net activity. Selbach Scott C sold $3.81M worth of Carlisle Companies, Inc. (NYSE:CSL) on Friday, August 5. Altmeyer John W sold $5.73M worth of stock or 51,505 shares. Another trade for 24,740 shares valued at $2.47 million was sold by ROBERTS DAVID A.

Carlisle Companies Incorporated is a holding firm for Carlisle Corporation and its wholly owned subsidiaries. The company has a market cap of $7.30 billion. The Firm is a diversified manufacturing company. It has a 29.45 P/E ratio. The Firm operates through five divisions: Carlisle Construction Materials , Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).

According to Zacks Investment Research, “Carlisle Companies Incorporated manufactures and distributes a wide variety of products across a broad range of industries, including, among others, roofing, construction, trucking, automotive, foodservice, industrial equipment, lawn and garden and aircraft manufacturing. They market their products both as a component supplier to original equipment manufacturers, as well as directly to end users.”

CSL Company Profile

Carlisle Companies Incorporated, incorporated on February 28, 1986, is a holding firm for Carlisle Corporation and its wholly owned subsidiaries. The Firm is a diversified manufacturing company. The Firm operates through five divisions: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP). The Firm designs, makes, and markets a range of products that serves a range of niche markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coating, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance. . The Firm markets its products as a component supplier to original equipment manufacturers, distributors and directly to end users.

More recent Carlisle Companies, Inc. (NYSE:CSL) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Carlisle Companies, Marathon Oil and Phillips 66” on May 12, 2016. Also Nasdaq.com published the news titled: “Ex-Dividend Reminder: Grace, Carlisle Companies and Black Stone Minerals” on November 11, 2016. Nasdaq.com‘s news article titled: “Carlisle Companies Inc. Bottom Line Rises 9% In Q3” with publication date: October 25, 2016 was also an interesting one.

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