In a report released today, Bryan Blair from Oppenheimer maintained a Buy rating on Carlisle Companies (CSL), with a price target of $160.00. The company’s shares closed last Tuesday at $125.23.
According to TipRanks.com, Blair is a 4-star analyst with an average return of 8.2% and a 58.6% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.
Currently, the analyst consensus on Carlisle Companies is a Strong Buy with an average price target of $155.00.
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Based on Carlisle Companies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.02 billion and net profit of $75.4 million. In comparison, last year the company earned revenue of $1.31 billion and had a net profit of $153 million.
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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.
