Northcoast Research Begins Coverage on Carlisle Companies (NYSE:CSL)

Investment analysts at Northcoast Research initiated coverage on shares of Carlisle Companies (NYSE:CSL) in a research note issued on Thursday, Briefing.com reports. The firm set a “buy” rating and a $470.00 price target on the conglomerate’s stock. Northcoast Research‘s target price would indicate a potential upside of 18.25% from the stock’s previous close.

Several other analysts have also weighed in on CSL. Weiss Ratings lowered shares of Carlisle Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. Robert W. Baird set a $410.00 target price on shares of Carlisle Companies in a report on Thursday, October 29th. Finally, DA Davidson set a $355.00 price target on shares of Carlisle Companies in a research report on Friday, October 9th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $406.43.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded down $0.16 during trading on Thursday, reaching $397.46. The stock had a trading volume of 31,150 shares, compared to its average volume of 469,704. Carlisle Companies has a one year low of $293.43 and a one year high of $432.91. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.80 and a current ratio of 2.40. The stock has a market cap of $15.36 billion, a PE ratio of 22.47, a P/E/G ratio of 1.25 and a beta of 0.78. The firm’s 50 day moving average price is $342.29 and its two-hundred day moving average price is $353.84.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.89 by $0.03. Carlisle Companies had a return on equity of 51.25% and a net margin of 13.78%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company posted $5.61 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Carlisle Companies will post 21.11 earnings per share for the current fiscal year.

Institutional Trading of Carlisle Companies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund lifted its holdings in shares of Carlisle Companies by 0.8% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 3,573 shares of the conglomerate’s stock worth $1,151,000 after purchasing an additional 29 shares during the last quarter. Boston Common Asset Management LLC grew its stake in Carlisle Companies by 0.6% during the 1st quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate’s stock worth $1,731,000 after buying an additional 30 shares during the last quarter. Next Level Private LLC grew its stake in Carlisle Companies by 0.3% during the 2nd quarter. Next Level Private LLC now owns 12,303 shares of the conglomerate’s stock worth $4,463,000 after buying an additional 38 shares during the last quarter. Versant Capital Management Inc grew its stake in Carlisle Companies by 71.7% during the 3rd quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock worth $29,000 after buying an additional 38 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Carlisle Companies by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,550 shares of the conglomerate’s stock worth $925,000 after buying an additional 41 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

About Carlisle Companies

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.