Millennium Management LLC reduced its position in Carlisle Companies, Inc. (NYSE:CSL) by 90.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,877 shares of the conglomerate’s stock after selling 564,705 shares during the quarter. Millennium Management LLC’s holdings in Carlisle Companies were worth $6,377,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fort L.P. purchased a new position in Carlisle Companies in the second quarter worth $122,000. First Mercantile Trust Co. purchased a new position in Carlisle Companies in the second quarter worth $136,000. First National Bank of Omaha purchased a new position in Carlisle Companies in the second quarter worth $226,000. TLP Group LLC grew its holdings in Carlisle Companies by 3,792.9% in the first quarter. TLP Group LLC now owns 2,180 shares of the conglomerate’s stock worth $228,000 after purchasing an additional 2,124 shares during the last quarter. Finally, Natixis purchased a new position in Carlisle Companies in the second quarter worth $229,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.
In other Carlisle Companies news, Director David A. Roberts sold 36,533 shares of the company’s 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 document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.
Shares of CSL opened at $106.11 on Friday. The firm has a market cap of $7.28 billion, a PE ratio of 19.29, a P/E/G ratio of 1.34 and a beta of 0.86. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.40 and a current ratio of 3.10. Carlisle Companies, Inc. has a 1-year low of $97.03 and a 1-year high of $129.47.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, July 24th. The conglomerate reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.27. Carlisle Companies had a net margin of 14.20% and a return on equity of 13.21%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. Sell-side analysts anticipate that Carlisle Companies, Inc. will post 6.06 EPS for the current fiscal year.
CSL has been the topic of a number of research analyst reports. Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a report on Wednesday, July 25th. Zacks Investment Research lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Monday, August 13th. BMO Capital Markets lowered shares of Carlisle Companies from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $140.00 to $125.00 in a report on Monday, October 8th. ValuEngine lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Longbow Research reissued a “hold” rating on shares of Carlisle Companies in a report on Monday, September 24th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $133.17.
Carlisle Companies 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.
See Also: Outstanding Shares
Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Companies, Inc. (NYSE:CSL).
Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.