The stock of Carlisle Companies, Inc. (NYSE:CSL) reached all time high today, Nov, 25 and still has $120.60 target or 4.00% above today’s $115.96 share price. This indicates more upside for the $7.58 billion company. This technical setup was reported by Barchart.com. If the $120.60 PT is reached, the company will be worth $303.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.39% or $1.59 during the last trading session, hitting $115.96. About 237,067 shares traded hands. Carlisle Companies, Inc. (NYSE:CSL) has risen 13.61% since April 22, 2016 and is uptrending. It has outperformed by 8.20% the S&P500.
Analysts await Carlisle Companies, Inc. (NYSE:CSL) to report earnings on February, 9 after the close. They expect $1.29 EPS, up 4.03% or $0.05 from last year’s $1.24 per share. CSL’s profit will be $84.32M for 22.47 P/E if the $1.29 EPS becomes a reality. After $1.74 actual EPS reported by Carlisle Companies, Inc. for the previous quarter, Wall Street now forecasts -25.86% negative EPS growth.
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 stock of Carlisle Companies, Inc. (NYSE:CSL) earned “Outperform” rating by Oppenheimer on Friday, January 22. The rating was initiated by Topeka Capital Markets on Thursday, May 26 with “Buy”. On Thursday, June 2 the stock rating was downgraded by Northcoast to “Neutral”. As per Thursday, October 22, the company rating was maintained by RBC Capital Markets. The rating was downgraded by KeyBanc Capital Markets on Tuesday, September 29 to “Sector Weight”. The stock of Carlisle Companies, Inc. (NYSE:CSL) has “Buy” rating given on Wednesday, December 16 by Wunderlich. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, April 28 report. On Tuesday, September 1 the stock rating was maintained by Oppenheimer with “Outperform”. The firm earned “Outperform” rating on Monday, October 5 by Oppenheimer.
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 1.2 in Q2 2016. Its down 0.01, from 1.21 in 2016Q1. The ratio worsened, 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.
Ngam Ltd Partnership has 0.02% invested in the company for 12,520 shares. The Switzerland-based Swiss Comml Bank has invested 0.02% in Carlisle Companies, Inc. (NYSE:CSL). Sei Investments accumulated 0% or 7,185 shares. Chilton Capital Mngmt Ltd, a Texas-based fund reported 140,617 shares. California Public Employees Retirement Sys, a California-based fund reported 179,100 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Carlisle Companies, Inc. (NYSE:CSL) for 1,733 shares. Putnam Fl Investment Mgmt owns 2,880 shares or 0.04% of their US portfolio. The Germany-based Allianz Asset Ag has invested 0.02% in Carlisle Companies, Inc. (NYSE:CSL). Gotham Asset Mngmt Limited Co, a New York-based fund reported 262,537 shares. Huntington Bancshares holds 0.01% or 4,068 shares in its portfolio. Tudor Inv Corp Et Al holds 0.02% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL) for 10,004 shares. The Connecticut-based Cubist Systematic Strategies Limited Co has invested 0.01% in Carlisle Companies, Inc. (NYSE:CSL). Zacks Mgmt accumulated 8,583 shares or 0.03% of the stock. Moreover, Globeflex L P has 0.46% invested in Carlisle Companies, Inc. (NYSE:CSL) for 15,727 shares. Ameriprise Financial has 1.84 million shares for 0.11% of their US portfolio.
Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 3 selling transactions for $12.01 million net activity. Altmeyer John W sold $5.73 million worth of stock or 51,505 shares. Selbach Scott C sold $3.81 million worth of stock or 36,085 shares. $1.09 million worth of Carlisle Companies, Inc. (NYSE:CSL) shares were sold by Zdimal Kevin P. Shares for $2.47 million were sold by ROBERTS DAVID A.
More important recent Carlisle Companies, Inc. (NYSE:CSL) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Carlisle Companies, Marathon Oil and Phillips 66” on May 12, 2016, also Nasdaq.com published article titled: “Ex-Dividend Reminder: Grace, Carlisle Companies and Black Stone Minerals”, Bizjournals.com published: “EXCLUSIVE: Phoenix lands Fortune 1000 company headquarters relocation” on February 11, 2016. More interesting news about Carlisle Companies, Inc. (NYSE:CSL) was released by: Nasdaq.com and their article: “Carlisle Companies Inc. Bottom Line Rises 9% In Q3” with publication date: October 25, 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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