Carlisle Companies (NYSE:CSL) Coverage Initiated by Analysts at Northcoast Research

Key Points

• Northcoast Research initiated coverage with a Buy rating and a $470 price target, implying 18.25% upside from the stock’s then-current price.
• Analyst sentiment is moderately positive: five analysts rate CSL a Buy and five rate it Hold, with an average price target of $406.43.
• Carlisle beat quarterly estimates, reporting EPS of $5.92 and revenue of $1.46 billion; revenue increased 8.6% year over year.

Investment analysts at Northcoast Research started coverage on shares of Carlisle Companies (NYSE:CSL - Get Free Report) in a research report issued to clients and investors on Thursday, Briefing.com reports. The brokerage set a "buy" rating and a $470.00 price target on the conglomerate's stock. Northcoast Research's price objective indicates a potential upside of 18.25% from the stock's current price.

Several other analysts also recently weighed in on the company. Robert W. Baird set a $410.00 target price on Carlisle Companies in a research report on Thursday, October 29th. DA Davidson set a $355.00 price target on Carlisle Companies in a research note on Friday, October 9th. Finally, Weiss Ratings downgraded Carlisle Companies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, November 4th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $406.43.

Carlisle Companies Stock Down 0.0%

CSL traded down $0.16 during trading hours on Thursday, reaching $397.46. 31,150 shares of the stock traded hands, compared to its average volume of 469,704. The firm's fifty day simple moving average is $342.29 and its two-hundred day simple moving average is $353.84. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 1.25 and a beta of 0.78. Carlisle Companies has a fifty-two week low of $293.43 and a fifty-two week high of $432.91. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.40 and a quick ratio of 1.80.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $5.92 EPS for the quarter, topping analysts' consensus estimates of $5.89 by $0.03. Carlisle Companies had a net margin of 13.78% and a return on equity of 51.25%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business posted $5.61 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Carlisle Companies will post 21.11 earnings per share for the current fiscal year.

Institutional Trading of Carlisle Companies

Several institutional investors have recently added to or reduced their stakes in CSL. BlackRock Inc. bought a new stake in shares of Carlisle Companies in the 2nd quarter worth about $1,499,602,000. Bank of New York Mellon Corp lifted its position in shares of Carlisle Companies by 26.8% during the first quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate's stock worth $397,561,000 after purchasing an additional 251,614 shares during the last quarter. Boston Partners lifted its position in shares of Carlisle Companies by 48.5% during the third quarter. Boston Partners now owns 653,205 shares of the conglomerate's stock worth $210,451,000 after purchasing an additional 213,250 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Carlisle Companies by 3.0% during the first quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate's stock worth $207,078,000 after purchasing an additional 17,847 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Carlisle Companies by 22.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate's stock worth $190,508,000 after purchasing an additional 97,326 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally. Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.

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