Why Has Wunderlich Given Carlisle Cos (NYSE:CSL) a $110 Price Target
In an interesting research report made public on Wednesday morning, Wunderlich analyst has today have begun coverage for Carlisle Cos (NYSE:CSL) shares with a Buy rating. The PT is set to $110.
From a total of 6 analysts covering Carlisle Companies (NYSE:CSL) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $110 while the lowest target price is $90. The mean of all analyst targets is $101.33 with a 9.44% above today’s ($88.63) stock price. Carlisle Companies was the topic of 4 analyst reports since September 1, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 22 with “Sector Perform” rating. KeyBanc Capital Markets downgraded CSL stock in a recent report from September 29 to “Sector Weight” rating.
The stock increased 0.67% or $0.59 on December 15, striking $88.63. Approximately shares of stock traded hands. Carlisle Companies, Inc. (NYSE:CSL) has declined 9.74% since May 13, 2015 and is downtrending. It has underperformed by 7.11% the S&P500.
The overall sentiment of institutions has decreased to 1.08 in Q2 2015. Its down 0.31, from 1.39 in 2015Q2. The ratio dropped, as 24 institutions have sold all the shares of Carlisle Companies, Inc. that they owned while 104 funds have taken shares off the table. 40 funds have purchased shares for the first time while 98 added to their positions. These institutions now hold 65.12 million shares or 13.99% more than the 57.13 million shares they owned in 2015Q2.
The Fund Excalibur Management Corp currently is holding shares equating to 8.16% of its total portfolio in Carlisle Companies, Inc. representing a total of 93,359 shares. Another fund,Inverness Counsel Llc Ny, is holding a total of 1.05 million shares equating to 7.73% of their holdings. Additionally, Basswood Capital Management L.L.C. has a 337,866 share stake in Carlisle Companies, Inc. which represents 1.46% of their total portfolio. The Fund, Atlanta Capital Management Co L L C, based out of Georgia, has also built up a stake in the stock, which represents a total of 1.42% of their total portfolio. Finally Chilton Capital Management Llc, a fund which is based in the state of Texas reported a total holdings of 140,928 shares.
Insider activity is a very important aspect to track on any stock. Going back to April 28, 2015, shareholders of Carlisle Companies, Inc. have witnessed 0 buys, and a total of 4 insider sales equating to a net activity of approximately $1.68 million . Koch D Christian sold 10,000 shares worth approximately $1.02 million. Roberts David A sold 1,148 shares worth approximately $116,775. Sala Lawrence A sold 4,000 shares worth approximately $407,076. Berlin John E sold 2,750 shares worth approximately $277,457. The company insider Altmeyer John W sold 12,500 shares worth $1.24M.
Carlisle Companies Incorporated is a holding firm for Carlisle Corporation and its wholly-owned subsidiaries. The company has a market cap of $5.72 billion. Carlisle is a diversified manufacturing company. It has 20.18 P/E ratio. The Firm operates through four divisions..
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.”