Carlisle Companies (CSL) was Downgraded by Longbow to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Longbow advised their investors in a research report released on Nov 29, 2016.
On the company’s financial health, Carlisle Companies reported $1.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $1.69. The company had revenue of $991.00 million for the quarter, compared to analysts expectations of $1028.22 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS.
Carlisle Companies opened for trading at $114.79 and hit $116.02 on the upside on Friday, eventually ending the session at $115.96, with a gain of 1.39% or 1.59 points. The heightened volatility saw the trading volume jump to 2,37,967 shares. Company has a market cap of $7,480 M.
In a different news, on Nov 14, 2016, John W Altmeyer (President, CCM) sold 51,505 shares at $111.26 per share price. According to the SEC, on Aug 8, 2016, Scott C Selbach (V.P., Corporate Development) sold 36,085 shares at $105.68 per share price. On Jun 14, 2016, David A Roberts (Executive Chairman) sold 24,740 shares at $99.80 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.