Carlisle Companies Inc Gets a Buy from BMO Capital

By Jason Carr

In a report released today, Joel Tiss from BMO Capital reiterated a Buy rating on Carlisle Companies Inc (NYSE: CSL), with a price target of $130. The company’s shares closed yesterday at $104.51.

According to, Tiss is a 4-star analyst with an average return of 10.3% and a 66.0% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, The Middleby Corp, and Parker Hannifin.

Carlisle Companies Inc has an analyst consensus of Moderate Buy, with a price target consensus of $130.

Based on Carlisle Companies Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $894 million and quarterly net profit of $75.5 million. In comparison, last year the company earned revenue of $794 million and had a net profit of $67.8 million.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CSL in relation to earlier this year. Most recently, in February 2016, Magalen Webert, a Director at CSL bought 4,000 shares for a total of $137,720.

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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, Carlisle Brake and Friction, and Carlisle FoodService Products. The Carlisle Construction Materials segment includes the manufacture of a range of roofing and waterproofing products for commercial and industrial buildings. The Carlisle Interconnect Technologies segment focuses on the design and manufacture of wire and cable, fiber optic cable, RF or microwave connectors, avionics trays, racks, integrated systems, and cable assemblies for applications in the aerospace industry. The Carlisle Fluid Technologies segment deals with the design and manufacture of a range of finishing equipment focused on powder coating, spraying, pumping, mixing, metering, and curing of a variety of coatings. The Carlisle Brake and Friction segment engages in the development and manufacture of brake and friction system solutions. The Carlisle FoodService Products segment includes the manufacture and marketing of professional-grade product solutions for the restaurant, healthcare, and janitorial segments. The company was founded by Charles S. Moomy in 1917 and is headquartered in Scottsdale, AZ.