Carlisle Companies (CSL) was Downgraded by Northcoast to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Northcoast advised their investors in a research report released on Jun 2, 2016.
Many Wall Street Analysts have commented on Carlisle Companies. Topeka Capital Markets Initiated Carlisle Companies on May 26, 2016 to “Buy”, Price Target of the shares are set at $118.Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 102 from a previous price target of $93 .Company shares were Reiterated by Wunderlich on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $110 .
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 opened for trading at $103.09 and hit $104.68 on the upside on Wednesday, eventually ending the session at $104.6, with a gain of 0.75% or 0.78 points. The heightened volatility saw the trading volume jump to 3,45,307 shares. Company has a market cap of $6,714 M.
In a different news, on May 27, 2016, Kevin P Zdimal (V.P., Business Development) sold 10,515 shares at $104.08 per share price. According to the SEC, on May 12, 2016, David A Roberts (Executive Chairman) sold 67,133 shares at $102.89 per share price. On May 10, 2016, Lawrence A Sala (director) sold 4,000 shares at $102.07 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.