Re Advisers Corp Lowers stake in Carlisle Companies (CSL)

Carlisle Companies (CSL) : Re Advisers Corp reduced its stake in Carlisle Companies by 5.24% during the most recent quarter end. The investment management company now holds a total of 451,700 shares of Carlisle Companies which is valued at $47,722,105 after selling 25,000 shares in Carlisle Companies , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Carlisle Companies makes up approximately 0.80% of Re Advisers Corp’s portfolio.

Other Hedge Funds, Including , Fayez Sarofim Co reduced its stake in CSL by selling 395 shares or 15.61% in the most recent quarter. The Hedge Fund company now holds 2,135 shares of CSL which is valued at $225,563.Ubs Asset Management Americas Inc reduced its stake in CSL by selling 3,836 shares or 3.77% in the most recent quarter. The Hedge Fund company now holds 97,968 shares of CSL which is valued at $10,386,567. Carlisle Companies makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio. Brc Investment Management added CSL to its portfolio by purchasing 99,669 company shares during the most recent quarter which is valued at $10,488,169. Carlisle Companies makes up approx 1.76% of Brc Investment Management’s portfolio.State Treasurer State Of Michigan boosted its stake in CSL in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 25,720 shares of Carlisle Companies which is valued at $2,696,742. Carlisle Companies makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.Ngam Advisors reduced its stake in CSL by selling 1,676 shares or 11.81% in the most recent quarter. The Hedge Fund company now holds 12,520 shares of CSL which is valued at $1,312,722. Carlisle Companies makes up approx 0.02% of Ngam Advisors’s portfolio.

Carlisle Companies closed down -0.2 points or -0.19% at $104.64 with 2,99,162 shares getting traded on Friday. Post opening the session at $104.44, the shares hit an intraday low of $103.85 and an intraday high of $104.73 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.

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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