Trimtabs Asset Management Lowers stake in Carlisle Companies (CSL)

Carlisle Companies (CSL) : Trimtabs Asset Management reduced its stake in Carlisle Companies by 15.23% during the most recent quarter end. The investment management company now holds a total of 16,481 shares of Carlisle Companies which is valued at $1,728,033 after selling 2,961 shares in Carlisle Companies , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Carlisle Companies makes up approximately 1.08% of Trimtabs Asset Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CSL by selling 6,292 shares or 4.45% in the most recent quarter. The Hedge Fund company now holds 135,119 shares of CSL which is valued at $14,167,227. Carlisle Companies makes up approx 0.03% of California State Teachers Retirement System’s portfolio.Eads Heald Investment Counsel reduced its stake in CSL by selling 109 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 14,363 shares of CSL which is valued at $1,483,554. Carlisle Companies makes up approx 1.00% of Eads Heald Investment Counsel’s portfolio. Emerald Advisers Incpa added CSL to its portfolio by purchasing 8,174 company shares during the most recent quarter which is valued at $844,292. Carlisle Companies makes up approx 0.04% of Emerald Advisers Incpa’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in CSL during the most recent quarter. The investment firm sold 144 shares of CSL which is valued $15,408.

Carlisle Companies opened for trading at $104.72 and hit $105.95 on the upside on Thursday, eventually ending the session at $105.52, with a gain of 0.64% or 0.67 points. The heightened volatility saw the trading volume jump to 2,12,720 shares. Company has a market cap of $6,819 M.

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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