Carlisle Companies (NYSE:CSL) Lowered to Sell at ValuEngine

Carlisle Companies (NYSE:CSL) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

Several other equities research analysts have also commented on the company. Oppenheimer boosted their price objective on Carlisle Companies from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Buckingham Research lowered Carlisle Companies from a “buy” rating to a “neutral” rating and set a $148.00 price objective for the company. in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Carlisle Companies currently has an average rating of “Buy” and an average target price of $142.13.

NYSE CSL opened at $140.84 on Thursday. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.13 and a beta of 1.00. Carlisle Companies has a twelve month low of $92.16 and a twelve month high of $149.45. The company has a current ratio of 2.96, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average of $142.91 and a 200 day moving average of $137.14.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.26. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Carlisle Companies had a return on equity of 16.52% and a net margin of 9.04%. Carlisle Companies’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.87 EPS. Equities analysts predict that Carlisle Companies will post 8.15 EPS for the current fiscal year.

In other news, VP Douglas Charles Taylor acquired 697 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was bought at an average cost of $147.27 per share, for a total transaction of $102,647.19. Following the purchase, the vice president now owns 6,221 shares in the company, valued at $916,166.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas J. Shears sold 6,570 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $149.00, for a total value of $978,930.00. Following the sale, the insider now owns 20,783 shares of the company’s stock, valued at $3,096,667. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Krane Funds Advisors LLC purchased a new stake in Carlisle Companies during the 2nd quarter worth approximately $26,000. C M Bidwell & Associates Ltd. purchased a new stake in Carlisle Companies during the 2nd quarter worth approximately $32,000. SRS Capital Advisors Inc. purchased a new stake in Carlisle Companies during the 2nd quarter worth approximately $32,000. Advisory Services Network LLC increased its stake in Carlisle Companies by 148.2% during the 1st quarter. Advisory Services Network LLC now owns 283 shares of the conglomerate’s stock worth $35,000 after buying an additional 169 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of Carlisle Companies in the second quarter valued at approximately $38,000. Institutional investors own 88.19% 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.

Further Reading: Blue-Chip Stocks

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Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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