William Blair Initiates Coverage on Carlisle Companies (NYSE:CSL)

Equities research analysts at William Blair started coverage on shares of Carlisle Companies (NYSE:CSL) in a research report issued on Friday, MarketBeat.com reports. The firm set a “market perform” rating on the conglomerate’s stock.

Other analysts have also issued reports about the company. Vertical Research started coverage on Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Oppenheimer decreased their price objective on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. JPMorgan Chase & Co. reduced their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group decreased their price target on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Stock Down 0.4%

CSL stock opened at $340.79 on Friday. The stock has a market capitalization of $14.24 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.07 and a beta of 0.95. The firm has a 50-day simple moving average of $334.78 and a 200-day simple moving average of $348.14. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. Carlisle Companies has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company posted $5.78 EPS. Carlisle Companies’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts forecast that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

Institutional Trading of Carlisle Companies

Several hedge funds have recently made changes to their positions in CSL. Bank of New York Mellon Corp raised its position in shares of Carlisle Companies by 113.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after buying an additional 558,710 shares during the period. Barclays PLC increased its stake in Carlisle Companies by 947.3% during the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after acquiring an additional 451,662 shares during the last quarter. Sands Capital Management LLC acquired a new stake in Carlisle Companies during the second quarter worth $159,203,000. JPMorgan Chase & Co. raised its position in Carlisle Companies by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after purchasing an additional 358,241 shares during the period. Finally, Norges Bank purchased a new position in shares of Carlisle Companies during the 2nd quarter worth $128,856,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.