In a report released today, Bryan Blair from Oppenheimer assigned a Buy rating to Carlisle Companies (CSL), with a price target of $210.00. The company’s shares closed last Tuesday at $192.67, close to its 52-week high of $197.21.
According to TipRanks.com, Blair is a 5-star analyst with an average return of 26.2% and a 73.6% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.
Carlisle Companies has an analyst consensus of Strong Buy, with a price target consensus of $208.20.
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Based on Carlisle Companies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.03 billion and net profit of $52.2 million. In comparison, last year the company earned revenue of $1.03 billion and had a net profit of $61.8 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Carlisle Cos., Inc. engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment includes the manufacture of insulation materials, rubber, thermoplastic polyolefin, and polyvinyl chloride roofing membranes; related roofing accessories; and waterproofing products. The Carlisle Interconnect Technologies segment focuses on the design and manufacture of wire, cable, connectors, contacts and cable assemblies for the transfer of power and data. The Carlisle Fluid Technologies segment deals with industrial liquid and powder finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings. The Carlisle Brake and Friction segment covers brakes and friction material and clutch and transmission friction material. The company was founded by Charles S. Moomy in 1917 and is headquartered in Scottsdale, AZ.
