Worth Watching: Can Carlisle Companies, Inc.’s Tomorrow be Different? The Stock Just Broke Its High

Worth Watching: Can Carlisle Companies, Inc.'s Tomorrow be Different? The Stock Just Broke Its High

The stock of Carlisle Companies, Inc. (NYSE:CSL) reached all time high today, Nov, 30 and still has $120.50 target or 5.00% above today’s $114.76 share price. This indicates more upside for the $7.44 billion company. This technical setup was reported by Barchart.com. If the $120.50 PT is reached, the company will be worth $372.00M 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 51,275 shares traded hands. Carlisle Companies, Inc. (NYSE:CSL) has risen 10.63% since April 27, 2016 and is uptrending. It has outperformed by 5.40% 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 $83.63M for 22.24 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 7 analysts covering Carlisle Companies (NYSE:CSL), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Carlisle Companies has been the topic of 11 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of Carlisle Companies, Inc. (NYSE:CSL) has “Sector Perform” rating given on Thursday, April 28 by RBC Capital Markets. The stock of Carlisle Companies, Inc. (NYSE:CSL) earned “Outperform” rating by Oppenheimer on Friday, January 22. The firm has “Buy” rating given on Thursday, May 26 by Topeka Capital Markets. On Thursday, June 2 the stock rating was downgraded by Northcoast to “Neutral”. As per Tuesday, November 29, the company rating was downgraded by Longbow. Oppenheimer maintained Carlisle Companies, Inc. (NYSE:CSL) rating on Monday, October 5. Oppenheimer has “Outperform” rating and $105 price target. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Tuesday, September 29. The firm has “Outperform” rating given on Tuesday, September 1 by Oppenheimer. The company was maintained on Thursday, October 22 by RBC 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 dived, 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.
Marble Harbor Inv Counsel Ltd Liability Com last reported 0.05% of its portfolio in the stock. Hsbc Holdings Public Limited Com has invested 0.11% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL). Aperio Gru Ltd Liability Company has invested 0.01% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL). Putnam Invs Ltd Liability Company has 41,917 shares for 0.01% of their US portfolio. Gotham Asset Mngmt Ltd Liability Com holds 0.33% of its portfolio in Carlisle Companies, Inc. (NYSE:CSL) for 262,537 shares. Capstone Invest Advsrs Limited Co last reported 5,986 shares in the company. Amer Century Companies Inc holds 662,536 shares or 0.08% of its portfolio. Ahl Llp accumulated 0.09% or 16,638 shares. Palo Cap Incorporated, a California-based fund reported 25,480 shares. Panagora Asset last reported 0.01% of its portfolio in the stock. Lpl Fincl owns 3,514 shares or 0% of their US portfolio. Victory Mngmt Inc has 1.15 million shares for 0.49% of their US portfolio. The Kentucky-based Teachers Retirement Systems Of The State Of Kentucky has invested 0.02% in Carlisle Companies, Inc. (NYSE:CSL). Usca Ria Limited Liability Corp reported 15,033 shares or 0.27% of all its holdings. Calvert Invest accumulated 0.03% or 5,050 shares.

Insider Transactions: Since June 13, 2016, the stock had 0 buys, and 3 insider sales for $12.01 million net activity. ROBERTS DAVID A had sold 24,740 shares worth $2.47M on Monday, June 13. 51,505 Carlisle Companies, Inc. (NYSE:CSL) shares with value of $5.73M were sold by Altmeyer John W. Selbach Scott C sold $3.81M worth of stock.

More important 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 published article titled: “Ex-Dividend Reminder: Carlisle Companies, Marathon Oil and Phillips 66”, Nasdaq.com published: “Ex-Dividend Reminder: Grace, Carlisle Companies and Black Stone Minerals” on November 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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