Riverhead Capital Management LLC lowered its holdings in shares of Carlisle Companies, Inc. (NYSE:CSL) by 22.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,737 shares of the conglomerate’s stock after selling 8,120 shares during the period. Riverhead Capital Management LLC’s holdings in Carlisle Companies were worth $3,378,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Fort L.P. bought a new position in shares of Carlisle Companies in the second quarter valued at approximately $122,000. Heartland Advisors Inc. bought a new stake in Carlisle Companies during the third quarter worth $222,000. Fox Run Management L.L.C. bought a new stake in Carlisle Companies during the third quarter worth $241,000. Natixis bought a new stake in Carlisle Companies during the second quarter worth $229,000. Finally, Virtu Financial LLC bought a new stake in Carlisle Companies during the third quarter worth $265,000. Institutional investors and hedge funds own 87.33% of the company’s stock.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Monday, December 3rd. ValuEngine lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a research note on Sunday, November 18th. BMO Capital Markets reduced their price target on Carlisle Companies from $125.00 to $115.00 and set a “market perform” rating on the stock in a report on Wednesday, October 31st. Finally, Longbow Research upgraded Carlisle Companies from a “neutral” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Carlisle Companies presently has a consensus rating of “Hold” and a consensus price target of $128.50.
In related news, Director David A. Roberts sold 36,533 shares of Carlisle Companies stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $127.52, for a total transaction of $4,658,688.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.
Shares of CSL stock opened at $99.52 on Friday. Carlisle Companies, Inc. has a 52-week low of $92.16 and a 52-week high of $129.47. The company has a quick ratio of 2.55, a current ratio of 3.27 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.20 and a beta of 1.12.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 EPS for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.14). Carlisle Companies had a net margin of 14.21% and a return on equity of 13.47%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted $1.37 EPS. The firm’s revenue was up 17.9% on a year-over-year basis. Analysts expect that Carlisle Companies, Inc. will post 5.61 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 19th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, November 16th. Carlisle Companies’s dividend payout ratio is presently 28.93%.
Carlisle Companies Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene 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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