First Mercantile Trust Co. lowered its stake in Carlisle Cos. Inc. (NYSE:CSL) by 21.9% during the second quarter, Holdings Channel reports. The firm owned 965 shares of the company’s stock after selling 270 shares during the period. First Mercantile Trust Co.’s holdings in Carlisle Cos. were worth $102,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Carlisle Cos. by 3.9% in the second quarter. Vanguard Group Inc. now owns 5,122,758 shares of the company’s stock valued at $541,374,000 after buying an additional 191,772 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Carlisle Cos. by 28.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,518,429 shares of the company’s stock worth $250,584,000 after buying an additional 564,390 shares during the period. Franklin Resources Inc. raised its stake in Carlisle Cos. by 3.4% in the first quarter. Franklin Resources Inc. now owns 1,455,581 shares of the company’s stock worth $144,830,000 after buying an additional 47,598 shares during the period. Wellington Management Group LLP raised its stake in Carlisle Cos. by 5.1% in the first quarter. Wellington Management Group LLP now owns 1,278,034 shares of the company’s stock worth $127,164,000 after buying an additional 62,198 shares during the period. Finally, American Century Companies Inc. raised its stake in Carlisle Cos. by 9.5% in the second quarter. American Century Companies Inc. now owns 662,536 shares of the company’s stock worth $70,017,000 after buying an additional 57,480 shares during the period. Institutional investors own 88.94% of the company’s stock.
Carlisle Cos. Inc. (NYSE:CSL) opened at 105.10 on Friday. The company has a 50-day moving average price of $102.88 and a 200-day moving average price of $102.77. The firm has a market capitalization of $6.79 billion, a PE ratio of 18.76 and a beta of 1.13. Carlisle Cos. Inc. has a 12-month low of $75.17 and a 12-month high of $109.13.
Carlisle Cos. (NYSE:CSL) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.12. Carlisle Cos. had a net margin of 10.14% and a return on equity of 15.40%. The company earned $996.90 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm earned $1.54 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that Carlisle Cos. Inc. will post $5.79 earnings per share for the current year.
A number of equities research analysts have recently issued reports on CSL shares. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $112.00 price target on shares of Carlisle Cos. in a research report on Tuesday, June 28th. Zacks Investment Research lowered Carlisle Cos. from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. SunTrust Banks Inc. started coverage on Carlisle Cos. in a research report on Thursday, June 16th. They issued a “buy” rating and a $120.00 price target for the company. Finally, Robert W. Baird restated an “outperform” rating and issued a $108.00 price target on shares of Carlisle Cos. in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $113.57.
In other news, VP Scott C. Selbach sold 36,085 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $105.59, for a total transaction of $3,810,215.15. Following the completion of the transaction, the vice president now directly owns 67,112 shares of the company’s stock, valued at approximately $7,086,356.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.71% of the company’s stock.
About Carlisle Cos.
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).
Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Cos. Inc. (NYSE:CSL).
Receive News & Ratings for Carlisle Cos. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Cos. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.