Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 80.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,000 shares of the conglomerate’s stock after selling 4,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Carlisle Companies were worth $257,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. increased its stake in Carlisle Companies by 13.2% during the second quarter. Bessemer Group Inc. now owns 791,261 shares of the conglomerate’s stock worth $202,982,000 after purchasing an additional 92,409 shares during the period. ProShare Advisors LLC lifted its position in Carlisle Companies by 3.5% during the 2nd quarter. ProShare Advisors LLC now owns 150,920 shares of the conglomerate’s stock worth $38,716,000 after acquiring an additional 5,109 shares during the period. Commonwealth Equity Services LLC grew its position in Carlisle Companies by 21.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,434 shares of the conglomerate’s stock valued at $3,703,000 after buying an additional 2,540 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Carlisle Companies by 8.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,835 shares of the conglomerate’s stock worth $64,603,000 after purchasing an additional 20,581 shares in the last quarter. Finally, Boston Partners boosted its holdings in Carlisle Companies by 11.4% in the 2nd quarter. Boston Partners now owns 51,593 shares of the conglomerate’s stock valued at $13,238,000 after purchasing an additional 5,287 shares in the last quarter. 90.70% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 0.2 %

Shares of NYSE CSL traded down $0.59 during mid-day trading on Monday, reaching $272.67. 54,945 shares of the company traded hands, compared to its average volume of 385,083. The stock has a market cap of $13.27 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88. Carlisle Companies Incorporated has a fifty-two week low of $203.65 and a fifty-two week high of $289.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.73 and a current ratio of 4.18. The company’s fifty day moving average is $261.14 and its two-hundred day moving average is $253.29.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, October 26th. The conglomerate reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.57 by $0.11. Carlisle Companies had a return on equity of 27.87% and a net margin of 13.58%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $5.66 EPS. Carlisle Companies’s revenue for the quarter was down 15.8% compared to the same quarter last year. On average, analysts expect that Carlisle Companies Incorporated will post 14.77 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, November 14th. Carlisle Companies’s payout ratio is presently 23.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CSL shares. StockNews.com began coverage on shares of Carlisle Companies in a research note on Thursday, October 5th. They set a “hold” rating for the company. Jefferies Financial Group lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $325.00 to $290.00 in a report on Tuesday, September 26th. Zelman & Associates downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Robert W. Baird upped their price objective on Carlisle Companies from $310.00 to $320.00 in a research note on Thursday, July 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $325.00 price target on shares of Carlisle Companies in a report on Monday, September 25th. One 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.14.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.