Carlisle Companies (CSL) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 130 from a previous price target of $110 . Wunderlich advised their investors in a research report released on Apr 27, 2016.
On the company’s financial health, Carlisle Companies reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.82. The company had revenue of $794.00 million for the quarter, compared to analysts expectations of $780.84 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
Carlisle Companies closed down -1.03 points or -1.01% at $100.67 with 7,28,850 shares getting traded on Friday. Post opening the session at $102.02, the shares hit an intraday low of $100.56 and an intraday high of $102.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Feb 18, 2016, D Christian Koch (CEO & President) sold 14,988 shares at $87.09 per share price. According to the SEC, on Feb 11, 2016, Steven J Ford (V.P., Chief Financial Officer) sold 37,507 shares at $86.10 per share price. On Nov 20, 2015, John E Berlin (President, CIT) sold 11,575 shares at $85.92 per share price, according to the Form-4 filing with the securities and exchange commission.
Carlisle Companies Incorporated (Carlisle) is a holding company for Carlisle Corporation and its wholly-owned subsidiaries. Carlisle is a diversified manufacturing company. The Company operates through four segments.. The Carlisle Construction Materials segment manufactures and sells rubber thermoplastic polyolefin and polyvinyl chloride membrane roofing systems. The Carlisle Interconnect Technologies segment designs and manufactures wire cable connectors contacts and cable assemblies for the transfer of power and data for the aerospace medical defense electronics test and measurement equipment. The Carlisle Brake & Friction segment’s products include brakes and friction material and clutch and transmission friction material. The Carlisle FoodService Products segment is a manufacturer distributor and seller of commercial foodservice and janitorial products.