Zelman & Associates Upgrades Carlisle Companies (NYSE:CSL) to Neutral

Carlisle Companies (NYSE:CSL - Get Free Report) was upgraded by investment analysts at Zelman & Associates from an "underperform" rating to a "neutral" rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports.

A number of other brokerages also recently issued reports on CSL. Oppenheimer reissued an "outperform" rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Loop Capital cut their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Finally, The Goldman Sachs Group dropped their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $476.00.

Carlisle Companies Price Performance

NYSE:CSL traded up $4.59 on Monday, hitting $352.82. The company had a trading volume of 274,367 shares, compared to its average volume of 387,994. Carlisle Companies has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $15.58 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.03 and a beta of 0.94. The firm has a 50 day moving average of $341.15 and a two-hundred day moving average of $391.95.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period in the prior year, the company earned $4.17 earnings per share. On average, research analysts anticipate that Carlisle Companies will post 22.31 earnings per share for the current year.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the business's stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now directly owns 815 shares of the company's stock, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Carlisle Companies

A number of institutional investors have recently bought and sold shares of the stock. Pensionfund Sabic bought a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $1,291,000. Nordea Investment Management AB raised its holdings in shares of Carlisle Companies by 3.9% in the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock valued at $1,440,000 after acquiring an additional 145 shares in the last quarter. Moody National Bank Trust Division purchased a new position in Carlisle Companies during the fourth quarter valued at approximately $872,000. Asset Management One Co. Ltd. grew its stake in Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock valued at $7,695,000 after purchasing an additional 1,102 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Carlisle Companies by 2.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock valued at $535,000 after acquiring an additional 38 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.