The stock of Carlisle Companies, Inc. (NYSE:CSL) reached all time high today, Nov, 14 and still has $141.09 target or 24.00% above today’s $113.78 share price. This indicates more upside for the $7.36B company. This technical setup was reported by Barchart.com. If the $141.09 PT is reached, the company will be worth $1.77 billion 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. About 186,799 shares traded hands. Carlisle Companies, Inc. (NYSE:CSL) has risen 12.79% since April 12, 2016 and is uptrending. It has outperformed by 7.80% 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. Wunderlich initiated Carlisle Companies, Inc. (NYSE:CSL) on Wednesday, December 16 with “Buy” rating. On Monday, October 5 the stock rating was maintained by Oppenheimer with “Outperform”. The rating was maintained by Oppenheimer with “Outperform” on Friday, January 22. As per Tuesday, September 1, the company rating was maintained by Oppenheimer. The stock of Carlisle Companies, Inc. (NYSE:CSL) has “Neutral” rating given on Thursday, June 2 by Northcoast. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, April 28 report. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, October 22. The stock of Carlisle Companies, Inc. (NYSE:CSL) has “Buy” rating given on Thursday, May 26 by Topeka Capital Markets. The rating was downgraded by KeyBanc Capital Markets on Tuesday, September 29 to “Sector Weight”.
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 2016 Q2. Its down 0.05, from 1.26 in 2016Q1. The ratio fall, 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.
Bryn Mawr has 0.03% invested in the company for 4,042 shares. Blackrock Inv Ltd Llc has 0.03% invested in the company for 201,056 shares. Tradewinds Cap Management Limited last reported 50 shares in the company. Price T Rowe Associate Incorporated Md holds 0% or 22,078 shares in its portfolio. M&T State Bank holds 0.01% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL) for 12,404 shares. Moreover, Saturna Capital Corp has 1.12% invested in Carlisle Companies, Inc. (NYSE:CSL) for 331,700 shares. California Employees Retirement owns 179,100 shares or 0.03% of their US portfolio. Citadel Advisors Ltd Com holds 0% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL) for 2,964 shares. Friess Associate Ltd Liability Corporation holds 83,000 shares or 0.9% of its portfolio. United Automobile Association, a Texas-based fund reported 147,536 shares. Hancock Holding reported 36,961 shares or 0.16% of all its holdings. Moreover, Perritt Capital Mngmt has 0.1% invested in Carlisle Companies, Inc. (NYSE:CSL) for 3,450 shares. Brc Invest Ltd Liability holds 99,669 shares or 1.83% of its portfolio. Numeric Ltd Liability Corporation last reported 0.36% of its portfolio in the stock. Eaton Vance accumulated 35,226 shares or 0.01% of the stock.
Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 4 selling transactions for $13.10 million net activity. $2.47M worth of Carlisle Companies, Inc. (NYSE:CSL) was sold by ROBERTS DAVID A. 10,515 shares were sold by Zdimal Kevin P, worth $1.09 million. Altmeyer John W also sold $5.73 million worth of Carlisle Companies, Inc. (NYSE:CSL) shares. Selbach Scott C sold $3.81M worth of Carlisle Companies, Inc. (NYSE:CSL) on Friday, August 5.
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 Nasdaq.com with their article: “Ex-Dividend Reminder: Grace, Carlisle Companies and Black Stone Minerals” published on November 11, 2016, Forbes.com published: “Ex-Dividend Reminder: Carlisle Companies, Marathon Oil and Phillips 66” on May 12, 2016. More interesting news about Carlisle Companies, Inc. (NYSE:CSL) were released by: Nasdaq.com and their article: “Carlisle Companies Inc. Bottom Line Rises 9% In Q3” published on October 25, 2016 as well as Bizjournals.com‘s news article titled: “EXCLUSIVE: Phoenix lands Fortune 1000 company headquarters relocation” with publication date: February 11, 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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