Carlisle Companies (CSL) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Carlisle Companies (NYSE:CSL) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses with highly engineered and high margin products. Carlisle is committed to generating superior shareholder returns by combining a unique management style of decentralization, entrepreneurial spirit, active M&A, and a balanced approach to capital deployment, all with a culture of continuous improvement as embodied in the Carlisle Operating System. Carlisle’s markets include: commercial roofing, agriculture, mining, construction, aerospace, defense, foodservice, healthcare, sanitary maintenance, transportation, industrial, protective coating and auto refinishing. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, Carlisle Brake & Friction, and Carlisle FoodService Products. Carlisle remains committed to the core philosophies of Decentralization, Diversification, Continuous Improvement and an Entrepreneurial Culture. “

CSL has been the topic of several other reports. B. Riley reissued a buy rating and issued a $125.00 price objective on shares of Carlisle Companies in a research note on Friday, December 22nd. FBR & Co set a $125.00 price objective on shares of Carlisle Companies and gave the company a buy rating in a research note on Thursday, October 12th. Robert W. Baird reissued a buy rating on shares of Carlisle Companies in a research note on Wednesday, October 4th. BMO Capital Markets reissued a buy rating and issued a $130.00 price objective on shares of Carlisle Companies in a research note on Friday, September 22nd. Finally, SunTrust Banks boosted their price objective on shares of Carlisle Companies to $126.00 and gave the company a buy rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $123.25.

Shares of Carlisle Companies (NYSE:CSL) traded down $0.81 during trading on Tuesday, hitting $117.94. 210,000 shares of the stock were exchanged, compared to its average volume of 288,767. The firm has a market cap of $7,340.00, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.20 and a beta of 0.88. Carlisle Companies has a fifty-two week low of $92.09 and a fifty-two week high of $119.21. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.32.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 EPS. equities analysts expect that Carlisle Companies will post 4.89 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in CSL. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Carlisle Companies by 13.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,732 shares of the conglomerate’s stock worth $261,000 after purchasing an additional 330 shares in the last quarter. Swiss National Bank boosted its position in shares of Carlisle Companies by 0.9% during the 2nd quarter. Swiss National Bank now owns 107,600 shares of the conglomerate’s stock worth $10,265,000 after purchasing an additional 1,000 shares in the last quarter. Seven Eight Capital LP purchased a new stake in shares of Carlisle Companies during the 2nd quarter worth $2,929,000. Icon Advisers Inc. Co. boosted its position in shares of Carlisle Companies by 27.3% during the 2nd quarter. Icon Advisers Inc. Co. now owns 7,000 shares of the conglomerate’s stock worth $668,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of Carlisle Companies by 25.4% during the 2nd quarter. Amalgamated Bank now owns 12,531 shares of the conglomerate’s stock worth $1,195,000 after purchasing an additional 2,537 shares in the last quarter. 88.91% of the stock is currently owned by institutional investors.

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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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