Riverhead Capital Management LLC Trims Holdings in Carlisle Companies, Inc. (CSL)

Riverhead Capital Management LLC cut its holdings in shares of Carlisle Companies, Inc. (NYSE:CSL) by 22.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,737 shares of the conglomerate’s stock after selling 8,120 shares during the quarter. Riverhead Capital Management LLC’s holdings in Carlisle Companies were worth $3,378,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Citadel Advisors LLC raised its holdings in shares of Carlisle Companies by 546.4% in the 3rd quarter. Citadel Advisors LLC now owns 26,171 shares of the conglomerate’s stock valued at $3,189,000 after purchasing an additional 22,122 shares in the last quarter. Bridgewater Associates LP acquired a new stake in shares of Carlisle Companies in the 3rd quarter valued at $1,188,000. GAM Holding AG raised its holdings in shares of Carlisle Companies by 43.0% in the 3rd quarter. GAM Holding AG now owns 13,302 shares of the conglomerate’s stock valued at $1,620,000 after purchasing an additional 3,997 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Carlisle Companies by 265.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,131 shares of the conglomerate’s stock valued at $868,000 after purchasing an additional 5,179 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Carlisle Companies in the 3rd quarter valued at $990,000. Institutional investors own 87.33% of the company’s stock.

NYSE CSL opened at $99.52 on Friday. The company has a current ratio of 3.27, a quick ratio of 2.55 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $6.02 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.20 and a beta of 1.12. Carlisle Companies, Inc. has a 12 month low of $92.16 and a 12 month high of $129.47.

Carlisle Companies (NYSE:CSL) last posted its 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). The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 13.47%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the business earned $1.37 earnings per share. On average, research analysts forecast that Carlisle Companies, Inc. will post 5.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 19th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, November 16th. Carlisle Companies’s dividend payout ratio (DPR) is 28.93%.

A number of equities research analysts have recently weighed in on CSL shares. SunTrust Banks raised their price objective on shares of Carlisle Companies from $132.00 to $135.00 and gave the company a “buy” rating in a report on Monday, October 1st. B. Riley set a $130.00 price objective on shares of Carlisle Companies and gave the company a “buy” rating in a report on Thursday, October 25th. BMO Capital Markets lowered shares of Carlisle Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $140.00 to $125.00 in a report on Monday, October 8th. Oppenheimer reaffirmed a “hold” rating on shares of Carlisle Companies in a research report on Thursday, October 4th. Finally, Longbow Research reaffirmed a “hold” rating on shares of Carlisle Companies in a research report on Monday, September 24th. One 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $128.50.

In related news, Director David A. Roberts sold 36,533 shares of the stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $127.52, for a total value of $4,658,688.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

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Carlisle Companies Company 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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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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