Excalibur Management Corp Lowers stake in Carlisle Companies (CSL)

Carlisle Companies (CSL) : Excalibur Management Corp reduced its stake in Carlisle Companies by 3.51% during the most recent quarter end. The investment management company now holds a total of 90,079 shares of Carlisle Companies which is valued at $9,283,542 after selling 3,280 shares in Carlisle Companies , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Carlisle Companies makes up approximately 7.86% of Excalibur Management Corp’s portfolio.

Other Hedge Funds, Including , Meeder Asset Management Inc added CSL to its portfolio by purchasing 2,937 company shares during the most recent quarter which is valued at $314,259. Carlisle Companies makes up approx 0.03% of Meeder Asset Management Inc’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in CSL during the most recent quarter. The investment firm sold 144 shares of CSL which is valued $15,408.Washington Trust Bank reduced its stake in CSL by selling 300 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 1,200 shares of CSL which is valued at $129,396. Carlisle Companies makes up approx 0.03% of Washington Trust Bank’s portfolio.

Carlisle Companies closed down -0.67 points or -0.64% at $103.29 with 4,04,925 shares getting traded on Friday. Post opening the session at $103.97, the shares hit an intraday low of $102.43 and an intraday high of $104.12 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Carlisle Companies reported $1.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.63. The company had revenue of $996.90 million for the quarter, compared to analysts expectations of $1011.93 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.

Many Wall Street Analysts have commented on Carlisle Companies. Carlisle Companies was Downgraded by Northcoast to ” Neutral” on Jun 2, 2016. Topeka Capital Markets Initiated Carlisle Companies on May 26, 2016 to “Buy”, Price Target of the shares are set at $118.Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 102 from a previous price target of $93 .

Carlisle Companies Incorporated (Carlisle) is a holding company for Carlisle Corporation and its wholly-owned subsidiaries. Carlisle is a diversified manufacturing company. The Company operates through four segments.. The Carlisle Construction Materials segment manufactures and sells rubber thermoplastic polyolefin and polyvinyl chloride membrane roofing systems. The Carlisle Interconnect Technologies segment designs and manufactures wire cable connectors contacts and cable assemblies for the transfer of power and data for the aerospace medical defense electronics test and measurement equipment. The Carlisle Brake & Friction segment’s products include brakes and friction material and clutch and transmission friction material. The Carlisle FoodService Products segment is a manufacturer distributor and seller of commercial foodservice and janitorial products.

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