Short Interest in Carlisle Companies, Inc. (NYSE:CSL) Expands By 23.9%
Carlisle Companies, Inc. (NYSE:CSL) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,019,300 shares, an increase of 23.9% from the June 15th total of 1,629,700 shares. Based on an average daily volume of 384,100 shares, the days-to-cover ratio is presently 5.3 days. Approximately 3.6% of the shares of the stock are short sold.
Several research analysts recently commented on the company. Buckingham Research downgraded Lithia Motors from a “buy” rating to a “neutral” rating and increased their price objective for the company from $120.00 to $125.00 in a research note on Monday, July 8th. They noted that the move was a valuation call. Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Monday, April 29th. Oppenheimer increased their price objective on Carlisle Companies from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday. ValuEngine downgraded Welbilt from a “hold” rating to a “sell” rating in a research note on Friday. Finally, BMO Capital Markets increased their price objective on Inflarx to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $142.13.
In related news, Director David A. Roberts sold 28,571 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $137.74, for a total value of $3,935,369.54. Following the completion of the transaction, the director now directly owns 88,397 shares of the company’s stock, valued at approximately $12,175,802.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.
Shares of CSL traded up $1.15 during midday trading on Friday, reaching $142.01. The company had a trading volume of 342,333 shares, compared to its average volume of 391,512. Carlisle Companies has a 1-year low of $92.16 and a 1-year high of $143.01. The company has a market capitalization of $8.10 billion, a PE ratio of 22.83, a PEG ratio of 1.18 and a beta of 1.04. The business has a 50 day simple moving average of $137.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.15 and a current ratio of 2.96.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, July 23rd. The conglomerate reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.26. Carlisle Companies had a return on equity of 16.48% and a net margin of 9.04%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $1.87 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that Carlisle Companies will post 8.15 EPS for the current year.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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