Rating Watching: Is Longbow Very Negative For Carlisle Companies (NYSE:CSL) After Its Downgrade?

November 30, 2016 - By Peter Erickson

Rating Watching: Is Longbow Very Negative For Carlisle Companies (NYSE:CSL) After Its Downgrade?

Carlisle Companies (NYSE:CSL) Downgrade

Longbow downgraded shares of Carlisle Companies (NYSE:CSL) from a “Buy” rating to a “Neutral” rating in a a research note released on Tuesday morning.

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

Out of 7 analysts covering Carlisle Companies (NYSE:CSL), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $110 is the highest target while $89 is the lowest. The $104 average target is -9.57% below today’s ($115) stock price. Carlisle Companies has been the topic of 11 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of Carlisle Companies, Inc. (NYSE:CSL) earned “Neutral” rating by Northcoast on Thursday, June 2. The stock has “Buy” rating given by Wunderlich on Wednesday, December 16. RBC Capital Markets maintained it with “Sector Perform” rating and $102 target price in Thursday, April 28 report. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, September 29 report. Longbow downgraded Carlisle Companies, Inc. (NYSE:CSL) on Tuesday, November 29 to “Neutral” rating. On Friday, January 22 the stock rating was maintained by Oppenheimer with “Outperform”. Oppenheimer maintained Carlisle Companies, Inc. (NYSE:CSL) on Monday, October 5 with “Outperform” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, October 22. The rating was maintained by Oppenheimer on Tuesday, September 1 with “Outperform”. The firm earned “Buy” rating on Thursday, May 26 by Topeka Capital Markets.

The stock increased 0.55% or $0.63 during the last trading session, hitting $115. Carlisle Companies, Inc. (NYSE:CSL) has risen 10.63% since April 27, 2016 and is uptrending. It has outperformed by 5.40% 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 $82.11 million for 22.29 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 is negative, 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.

Hightower Advsr Lc has invested 0.03% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL). Manufacturers Life Ins The accumulated 86,696 shares or 0.01% of the stock. Moreover, Janney Montgomery Scott Ltd has 0.01% invested in Carlisle Companies, Inc. (NYSE:CSL) for 4,240 shares. First Personal Services accumulated 0.02% or 655 shares. Moreover, Chicago Equity Partners Ltd Company has 0.03% invested in Carlisle Companies, Inc. (NYSE:CSL) for 8,795 shares. Next Fin Grp Incorporated accumulated 1,158 shares or 0.04% of the stock. Ubs Asset Americas has invested 0.01% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL). Wells Fargo & Mn holds 0.05% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL) for 1.26M shares. Retail Bank Of Nova Scotia holds 95,000 shares or 0.06% of its portfolio. Palisade Capital Ltd Co Nj last reported 6,054 shares in the company. First Tru Advsr Lp holds 0.02% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL) for 56,832 shares. Wall Street Associate accumulated 5,411 shares or 0.23% of the stock. Seven Eight Cap Lc, a New York-based fund reported 6,300 shares. Hbk L P has 0.02% invested in the company for 21,337 shares. Fiduciary Mngmt Inc Wi, a Wisconsin-based fund reported 307,837 shares.

Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 3 insider sales for $12.01 million net activity. $5.73M worth of Carlisle Companies, Inc. (NYSE:CSL) was sold by Altmeyer John W on Thursday, November 10. The insider Selbach Scott C sold 36,085 shares worth $3.81 million. $2.47M worth of Carlisle Companies, Inc. (NYSE:CSL) 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 $7.32 billion. The Firm is a diversified manufacturing company. It has a 29.5 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 important 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 article titled: “Ex-Dividend Reminder: Grace, Carlisle Companies and Black Stone Minerals”, Nasdaq.com published: “Carlisle Companies Inc. Bottom Line Rises 9% In Q3” on October 25, 2016. More interesting news about Carlisle Companies, Inc. (NYSE:CSL) was released by: Bizjournals.com and their article: “EXCLUSIVE: Phoenix lands Fortune 1000 company headquarters relocation” with publication date: February 11, 2016.

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