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.

Several institutional investors and hedge funds have recently modified their holdings of CSL. Dimensional Fund Advisors LP increased its stake in shares of Carlisle Companies by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 962,410 shares of the conglomerate’s stock worth $96,735,000 after acquiring an additional 37,916 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Carlisle Companies by 4.1% in the 4th quarter. Bank of America Corp DE now owns 371,036 shares of the conglomerate’s stock worth $37,296,000 after acquiring an additional 14,491 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Carlisle Companies by 6.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,160 shares of the conglomerate’s stock worth $1,524,000 after acquiring an additional 872 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Carlisle Companies by 4.4% in the 4th quarter. Legal & General Group Plc now owns 86,186 shares of the conglomerate’s stock worth $8,663,000 after acquiring an additional 3,595 shares during the last quarter. Finally, Equitable Trust Co. increased its stake in shares of Carlisle Companies by 2.4% in the 4th quarter. Equitable Trust Co. now owns 8,415 shares of the conglomerate’s stock worth $846,000 after acquiring an additional 200 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Calculate Your Return on Investment (ROI)

Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.