Carlisle Companies Inc Receives a Buy from BMO Capital

By Jason Carr

BMO Capital analyst Joel Tiss reiterated a Buy rating on Carlisle Companies Inc (NYSE: CSL) yesterday and set a price target of $135. The company’s shares closed yesterday at $122.25, close to its 52-week high of $124.34.

According to TipRanks.com, Tiss is a 4-star analyst with an average return of 10.7% and a 62.6% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as John Bean Technologies, Wabash National Corp, and Illinois Tool Works.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carlisle Companies Inc with a $135.50 average price target, implying a 10.8% upside from current levels. In a report issued on July 25, B.Riley FBR also maintained a Buy rating on the stock with a $145 price target.

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Based on Carlisle Companies Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $114 million. In comparison, last year the company had a net profit of $101 million.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.

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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 FoodService Products, Carlisle Fluid Technologies, and Carlisle Brake & Friction.