Riverhead Capital Management LLC lessened its stake in shares of Carlisle Companies, Inc. (NYSE:CSL) by 16.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,857 shares of the conglomerate’s stock after selling 6,840 shares during the period. Riverhead Capital Management LLC owned approximately 0.06% of Carlisle Companies worth $3,884,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CSL. Wells Fargo & Company MN grew its stake in shares of Carlisle Companies by 54.5% during the first quarter. Wells Fargo & Company MN now owns 613,359 shares of the conglomerate’s stock worth $64,041,000 after purchasing an additional 216,252 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Carlisle Companies by 88.8% during the first quarter. Daiwa Securities Group Inc. now owns 57,353 shares of the conglomerate’s stock worth $5,988,000 after purchasing an additional 26,973 shares during the period. Twin Capital Management Inc. grew its stake in shares of Carlisle Companies by 62.4% during the first quarter. Twin Capital Management Inc. now owns 13,676 shares of the conglomerate’s stock worth $1,428,000 after purchasing an additional 5,255 shares during the period. Mackay Shields LLC acquired a new stake in shares of Carlisle Companies during the first quarter worth $8,673,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Carlisle Companies during the first quarter worth $218,000. 90.98% of the stock is currently owned by institutional investors.

NYSE:CSL opened at $127.47 on Friday. Carlisle Companies, Inc. has a 1 year low of $93.53 and a 1 year high of $129.47. The company has a quick ratio of 2.40, a current ratio of 3.10 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.40 and a beta of 0.86.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, July 24th. The conglomerate reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.27. Carlisle Companies had a return on equity of 13.21% and a net margin of 14.20%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. The company’s revenue was up 25.6% on a year-over-year basis. equities research analysts anticipate that Carlisle Companies, Inc. will post 6.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Monday, August 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, August 17th. Carlisle Companies’s payout ratio is presently 86.80%.

A number of equities research analysts recently commented on CSL shares. Oppenheimer reaffirmed a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, July 25th. Zacks Investment Research cut Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 price objective on shares of Carlisle Companies in a research note on Friday, July 27th. ValuEngine raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Finally, Robert W. Baird lifted their price objective on Carlisle Companies from $124.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $131.29.

About Carlisle Companies

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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