November 29, 2016 - By Vivian Park
Trading of Carlisle Cos (NYSE:CSL)‘s shares is going to be interesting today. Longbow cut the stock from a Buy to a Neutral.
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 -8.93% below today’s ($114.2) stock price. Carlisle Companies has been the topic of 10 analyst reports since September 1, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, September 29 report. As per Thursday, April 28, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating by Northcoast given on Thursday, June 2. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, October 22. The company was maintained on Monday, October 5 by Oppenheimer. The stock of Carlisle Companies, Inc. (NYSE:CSL) has “Buy” rating given on Wednesday, December 16 by Wunderlich. The firm earned “Buy” rating on Thursday, May 26 by Topeka Capital Markets. Oppenheimer maintained it with “Outperform” rating and $100 target price in Friday, January 22 report. The rating was maintained by Oppenheimer with “Outperform” on Tuesday, September 1.
About 128,752 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 $82.02 million for 22.13 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 Q2 2016. Its down 0.01, from 1.21 in 2016Q1. The ratio worsened, 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.
Calvert Investment Management holds 0.03% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL) for 5,050 shares. Next Group Inc has 0.04% invested in the company for 1,158 shares. Jefferies Gp Inc Limited Liability Company has 0% invested in the company for 6,761 shares. Credit Suisse Ag has 0.01% invested in the company for 82,994 shares. Hutchin Hill Cap Limited Partnership holds 0.02% or 5,100 shares in its portfolio. Texas Permanent School Fund accumulated 0.07% or 49,082 shares. Brown Advisory Inc has 0% invested in the company for 3,405 shares. Putnam Ltd Limited Liability Company has invested 0.01% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL). Oakbrook Invests Limited Liability Corporation holds 0.04% or 6,575 shares in its portfolio. Babson Capital Mgmt Limited Co owns 18,870 shares or 0.05% of their US portfolio. Moreover, Ubs Asset Americas has 0.01% invested in Carlisle Companies, Inc. (NYSE:CSL) for 97,968 shares. Da Davidson Com has 0% invested in the company for 238 shares. Moreover, Meeder Asset Inc has 0.03% invested in Carlisle Companies, Inc. (NYSE:CSL) for 2,937 shares. Art Ltd Liability Corp last reported 6,566 shares in the company. California State Teachers Retirement System last reported 0.03% of its portfolio in the stock.
Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 3 sales for $12.01 million net activity. On Thursday, November 10 the insider Altmeyer John W sold $5.73M. The insider Selbach Scott C sold 36,085 shares worth $3.81 million. 24,740 shares were sold by ROBERTS DAVID A, worth $2.47 million.
Carlisle Companies Incorporated is a holding firm for Carlisle Corporation and its wholly owned subsidiaries. The company has a market cap of $7.27 billion. The Firm is a diversified manufacturing company. It has a 29.3 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.”
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Vivian Park