Exclusive: Carlisle Companies, Inc.’s Trend Up, Especially After Today’s 52-Week High Milestone

Exclusive: Carlisle Companies, Inc.'s Trend Up, Especially After Today's 52 Week High Milestone

The stock of Carlisle Companies, Inc. (NYSE:CSL) hit a new 52-week high and has $122.80 target or 6.00% above today’s $115.85 share price. The 6 months bullish chart indicates low risk for the $7.57 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $122.80 price target is reached, the company will be worth $454.20M 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 151,282 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 earnings per share, up 4.03% or $0.05 from last year’s $1.24 per share. CSL’s profit will be $84.29 million for 22.45 P/E if the $1.29 EPS becomes a reality. After $1.74 actual earnings per share 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 firm has “Outperform” rating by Oppenheimer given on Tuesday, September 1. The stock of Carlisle Companies, Inc. (NYSE:CSL) has “Sector Weight” rating given on Tuesday, September 29 by KeyBanc Capital Markets. Northcoast downgraded the stock to “Neutral” rating in Thursday, June 2 report. The stock of Carlisle Companies, Inc. (NYSE:CSL) has “Sector Perform” rating given on Thursday, October 22 by RBC Capital Markets. The company was maintained on Friday, January 22 by Oppenheimer. RBC Capital Markets maintained the shares of CSL in a report on Thursday, April 28 with “Sector Perform” rating. Oppenheimer maintained the stock with “Outperform” rating in Monday, October 5 report. The firm has “Buy” rating given on Thursday, May 26 by Topeka Capital Markets. The rating was initiated by Wunderlich with “Buy” on Wednesday, December 16.

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 2016 Q2. Its down 0.01, from 1.21 in 2016Q1. The ratio dropped, 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.
Voya Invest Lc last reported 62,314 shares in the company. First Mercantile last reported 0.01% of its portfolio in the stock. The Massachusetts-based Numeric Investors Limited Liability Corp has invested 0.36% in Carlisle Companies, Inc. (NYSE:CSL). Nuveen Asset Mgmt Ltd Co reported 33,727 shares or 0.02% of all its holdings. Utah Retirement last reported 11,430 shares in the company. Schroder Investment Mgmt Group Incorporated holds 0.08% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL) for 380,600 shares. Basswood Mgmt Ltd Limited Liability Company holds 337,866 shares or 2.07% of its portfolio. Ironbridge Cap Ltd Partnership accumulated 0.52% or 113,118 shares. Excalibur last reported 8.19% of its portfolio in the stock. Weaver C Barksdale & Assocs reported 160 shares or 0.03% of all its holdings. Genesee Valley holds 0.17% or 2,458 shares in its portfolio. First Interstate Bankshares accumulated 0.01% or 268 shares. Suntrust Banks accumulated 0% or 3,815 shares. Tiaa Cref Inv Mgmt Ltd Co last reported 319,638 shares in the company. D E Shaw & accumulated 0.06% or 313,800 shares.

Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 3 selling transactions for $12.01 million net activity. Zdimal Kevin P sold $1.09 million worth of stock or 10,515 shares. The insider ROBERTS DAVID A sold $2.47 million. $5.73 million worth of Carlisle Companies, Inc. (NYSE:CSL) shares were sold by Altmeyer John W. The insider Selbach Scott C sold 36,085 shares worth $3.81 million.

More notable 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 with their article: “Ex-Dividend Reminder: Grace, Carlisle Companies and Black Stone Minerals” published on November 11, 2016, Bizjournals.com published: “EXCLUSIVE: Phoenix lands Fortune 1000 company headquarters relocation” on February 11, 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 Businesswire.com‘s news article titled: “Carlisle Companies’ American Spirit to Compete in the Atlantic Challenge to …” with publication date: October 13, 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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