Carlisle Companies (NYSE:CSL) Raised to Buy at Loop Capital

Loop Capital upgraded shares of Carlisle Companies (NYSE:CSL) from a hold rating to a buy rating in a report published on Friday morning, Briefing.com Automated Import reports. The firm currently has $140.00 price target on the conglomerate’s stock, up from their previous price target of $126.00.

Several other research firms have also recently weighed in on CSL. Credit Suisse Group began coverage on shares of Carlisle Companies in a report on Wednesday, May 27th. They issued an outperform rating and a $146.00 price target for the company. Oppenheimer initiated coverage on shares of Carlisle Companies in a report on Tuesday, June 9th. They set a buy rating and a $160.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Carlisle Companies in a report on Friday, April 17th. They set a buy rating and a $150.00 target price for the company. BMO Capital Markets upgraded shares of Carlisle Companies from a market perform rating to an outperform rating and increased their target price for the stock from $135.00 to $150.00 in a report on Thursday, June 18th. Finally, ValuEngine upgraded shares of Carlisle Companies from a sell rating to a hold rating in a report on Monday, March 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Carlisle Companies has an average rating of Buy and an average target price of $157.44.

Carlisle Companies stock opened at $119.31 on Friday. The stock has a market capitalization of $6.39 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.29 and a beta of 0.82. Carlisle Companies has a twelve month low of $97.55 and a twelve month high of $169.86. The company has a quick ratio of 3.40, a current ratio of 4.33 and a debt-to-equity ratio of 1.02. The company has a 50 day moving average of $120.16 and a 200-day moving average of $137.70.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.08. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Carlisle Companies had a net margin of 9.54% and a return on equity of 17.88%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 earnings per share. Equities analysts anticipate that Carlisle Companies will post 6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Thursday, May 14th. Carlisle Companies’s dividend payout ratio is currently 24.13%.

A number of hedge funds have recently made changes to their positions in the business. O Shares Investment Advisers LLC lifted its stake in Carlisle Companies by 1.4% in the fourth quarter. O Shares Investment Advisers LLC now owns 5,181 shares of the conglomerate’s stock valued at $838,000 after acquiring an additional 71 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Carlisle Companies by 0.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,977 shares of the conglomerate’s stock valued at $1,627,000 after acquiring an additional 77 shares during the last quarter. Fred Alger Management LLC lifted its stake in Carlisle Companies by 45.6% in the first quarter. Fred Alger Management LLC now owns 297 shares of the conglomerate’s stock valued at $37,000 after acquiring an additional 93 shares during the last quarter. Utah Retirement Systems lifted its stake in Carlisle Companies by 0.9% in the fourth quarter. Utah Retirement Systems now owns 10,755 shares of the conglomerate’s stock valued at $1,740,000 after acquiring an additional 100 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Carlisle Companies by 2.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,333 shares of the conglomerate’s stock valued at $543,000 after acquiring an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.

About Carlisle Companies

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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