Carlisle Companies Incorporated (NYSE:CSL) – Analysts at Northcoast Research dropped their Q3 2017 EPS estimates for Carlisle Companies in a research report issued on Wednesday. Northcoast Research analyst K. Hocevar now expects that the conglomerate will post earnings of $1.46 per share for the quarter, down from their previous forecast of $1.75.
Several other brokerages have also weighed in on CSL. BidaskClub raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Monday, April 3rd. Robert W. Baird reiterated an “outperform” rating on shares of Carlisle Companies in a report on Monday, July 10th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. Finally, FBR & Co reiterated an “outperform” rating and set a $125.00 price target on shares of Carlisle Companies in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $122.50.
Shares of Carlisle Companies (NYSE:CSL) opened at 97.59 on Monday. Carlisle Companies has a 1-year low of $93.47 and a 1-year high of $116.40. The firm’s 50-day moving average is $96.93 and its 200 day moving average is $102.95. The stock has a market capitalization of $6.16 billion, a P/E ratio of 27.58 and a beta of 0.77.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by $0.03. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $1.75 earnings per share. Carlisle Companies’s quarterly revenue was up 7.5% compared to the same quarter last year.
In other news, insider John E. Berlin sold 19,860 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $104.55, for a total value of $2,076,363.00. Following the sale, the insider now owns 56,262 shares in the company, valued at $5,882,192.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.12% of the company’s stock.
Large investors have recently made changes to their positions in the company. NEXT Financial Group Inc increased its stake in shares of Carlisle Companies by 39.3% in the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after buying an additional 308 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Carlisle Companies by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,008 shares of the conglomerate’s stock valued at $105,000 after buying an additional 25 shares during the period. Creative Planning boosted its position in shares of Carlisle Companies by 8.8% in the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after buying an additional 150 shares during the period. Fairfax Financial Holdings Ltd Can purchased a new position in shares of Carlisle Companies during the first quarter valued at approximately $202,000. Finally, Palisade Capital Management LLC NJ purchased a new position in shares of Carlisle Companies during the first quarter valued at approximately $225,000. Institutional investors and hedge funds own 91.20% of the company’s stock.
About Carlisle Companies
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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