Stock Worth Watching: A Reversal for Carlisle Companies, Inc. Is Not Near. The Stock Reaches 52-Week High Today

Stock Worth Watching: A Reversal for Carlisle Companies, Inc. Is Not Near. The Stock Reaches 52 Week High Today

The stock of Carlisle Companies, Inc. (NYSE:CSL) hit a new 52-week high and has $154.23 target or 41.00% above today’s $109.38 share price. The 6 months bullish chart indicates low risk for the $7.15 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $154.23 price target is reached, the company will be worth $2.93 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 181,483 shares traded hands. Carlisle Companies, Inc. (NYSE:CSL) has risen 8.96% since April 7, 2016 and is uptrending. It has outperformed by 4.18% the S&P500.

Carlisle Companies, Inc. (NYSE:CSL) Ratings Coverage

Out of 6 analysts covering Carlisle Companies (NYSE:CSL), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Carlisle Companies has been the topic of 10 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, October 5 by Oppenheimer. The stock of Carlisle Companies, Inc. (NYSE:CSL) earned “Sector Perform” rating by RBC Capital Markets on Thursday, October 22. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, April 28. The rating was initiated by Topeka Capital Markets with “Buy” on Thursday, May 26. On Tuesday, September 29 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. Oppenheimer maintained it with “Outperform” rating and $100 target price in Friday, January 22 report. The firm earned “Neutral” rating on Thursday, June 2 by Northcoast. The stock has “Buy” rating given by Wunderlich on Wednesday, December 16. The stock has “Outperform” rating given by Oppenheimer on Tuesday, September 1.

According to Zacks Investment Research, “Carlisle Companies Incorporated manufactures and distributes a wide variety of products across a broad range of industries, including, among others, roofing, construction, trucking, automotive, foodservice, industrial equipment, lawn and garden and aircraft manufacturing. They market their products both as a component supplier to original equipment manufacturers, as well as directly to end users.”

Insitutional Activity: The institutional sentiment decreased to 1.21 in Q2 2016. Its down 0.05, from 1.26 in 2016Q1. The ratio turned negative, as 26 funds sold all Carlisle Companies, Inc. shares owned while 100 reduced positions. 44 funds bought stakes while 109 increased positions. They now own 55.69 million shares or 4.40% less from 58.26 million shares in 2016Q1.
The New York-based Hutchin Hill Capital L P has invested 0.02% in Carlisle Companies, Inc. (NYSE:CSL). Stanley owns 2,000 shares or 0.08% of their US portfolio. Pnc Fin Grp Incorporated holds 265,834 shares or 0.03% of its portfolio. Employees Retirement Association Of Colorado reported 134,132 shares or 0.12% of all its holdings. Checchi Capital Advisers Limited Liability last reported 0.01% of its portfolio in the stock. Texas Permanent School Fund owns 49,082 shares or 0.07% of their US portfolio. New York State Common Retirement Fund has 195,539 shares for 0.03% of their US portfolio. Johnson Financial Grp Inc Inc accumulated 216 shares or 0% of the stock. First Citizens Commercial Bank Trust Company has 4,540 shares for 0.04% of their US portfolio. Genesee Valley Co last reported 2,458 shares in the company. Teachers Advsrs has invested 0.01% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL). Moreover, Evercore Wealth Mgmt Limited Liability has 0.01% invested in Carlisle Companies, Inc. (NYSE:CSL) for 2,020 shares. First Republic Invest Mngmt Inc, a California-based fund reported 2,336 shares. Plante Moran Fin Advisors Ltd, a Michigan-based fund reported 100 shares. Caisse De Depot Et Placement Du Quebec holds 0.02% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL) for 65,000 shares.

Insider Transactions: Since May 11, 2016, the stock had 0 insider buys, and 3 sales for $7.37 million net activity. $2.47 million worth of shares were sold by ROBERTS DAVID A on Monday, June 13. On Friday, August 5 Selbach Scott C sold $3.81 million worth of the stock or 36,085 shares. The insider Zdimal Kevin P sold $1.09 million.

More notable recent Carlisle Companies, Inc. (NYSE:CSL) news were published by: Forbes.com which released: “Carlisle Companies Enters Oversold Territory” on September 14, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Carlisle Companies, Marathon Oil and Phillips 66” published on May 12, 2016, Nasdaq.com published: “Carlisle Companies Inc. Bottom Line Rises 9% In Q3” on October 25, 2016. More interesting news about Carlisle Companies, Inc. (NYSE:CSL) were released by: Bizjournals.com and their article: “EXCLUSIVE: Phoenix lands Fortune 1000 company headquarters relocation” published on February 11, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Carlisle companies acquires star aviation” with publication date: October 03, 2016.

CSL Company Profile

Carlisle Companies Incorporated, incorporated on February 28, 1986, is a holding firm for Carlisle Corporation and its wholly owned subsidiaries. The Firm is a diversified manufacturing company. The Firm operates through five divisions: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP). The Firm designs, makes, and markets a range of products that serves a range of niche markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coating, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance. . The Firm markets its products as a component supplier to original equipment manufacturers, distributors and directly to end users.

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