As Carlisle Cos. (CSL) Shares Declined, Shareholder Inverness Counsel LLC Decreased Its Stake by $4.40 Million

April 16, 2018 - By Samuel McNeil

Carlisle Companies Incorporated (NYSE:CSL) Corporate LogoBig Money Sentiment increased to 0.98 in Q4 2017. It has change of 0.13, from 2017Q3’s 0.85. The ratio improved due to CSL positioning: 35 sold and 104 reduced. 51 funds bought stakes and 85 increased stakes. Investors holded 53.11 million in 2017Q3 but now own 51.37 million shares or 3.29% less. Ing Groep Nv, a Netherlands-based fund reported 9,354 shs. Huntington National Bank reported 0.01% of its capital in Carlisle Companies Incorporated (NYSE:CSL). Fifth Third Financial Bank owns 2,760 shs. South Dakota Inv Council invested 0.09% in Carlisle Companies Incorporated (NYSE:CSL). Alabama-based Retirement Sys Of Alabama has invested 0.08% in Carlisle Companies Incorporated (NYSE:CSL). Nelson Van Denburg & Campbell Wealth Grp Lc owns 1,778 shs or 0.05% of their US capital. Motco stated it has 44 shs. State Of Alaska Department Of Revenue holds 3,700 shs or 0.01% of its capital. Davenport And Lc has 0.01% invested in Carlisle Companies Incorporated (NYSE:CSL) for 4,110 shs. Tradewinds Mgmt Ltd accumulated 50 shs. Massachusetts-based Btim Corp has invested 0.03% in Carlisle Companies Incorporated (NYSE:CSL). Deutsche Commercial Bank Ag holds 0.02% or 245,899 shs. Boston Common Asset Lc holds 74,983 shs. Appleton Ptnrs Ma invested in 3,241 shs or 0.06% of the stock. Blackrock holds 5.07M shs.

Based on the latest 2017Q4 regulatory filing with the SEC, Inverness Counsel Llc decreased its holdings in Carlisle Cos. (CSL) by 4.34%. The company’s stock sank 8.96% while Inverness Counsel Llc sold 38,907 shares. At the end of 2017Q4, the institutional investor held 857,743 shares of the specialty chemicals company, priced at $97.48 million, down from 896,650 at the end of the previous reported quarter. Carlisle Cos. has $6.15B MC. On during the last trading session the stock increased $0.93 or 0.94%, reaching $100.27.Carlisle Companies Incorporated has volume of 222,297 shares. Since April 16, 2017 CSL has declined 2.26% and is downtrending. CSL underperformed the S&P 500 by 13.81%.

About $2.49 billion and $1.59 billion US Long portfolio the Inverness Counsel Llc manages. Its stake in Kraft Heinz Co was rose by 152,599 shares to 509,264 shares valued at $39.60 million in 2017Q4, according to the filing. Inverness Counsel Llc has risen its stake in Microsoft Corp (NASDAQ:MSFT) and also increased its holding in Schlumberger (NYSE:SLB) by 69,165 shares in the quarter, for a total of 255,942 shares.

Analysts await Carlisle Companies Incorporated (NYSE:CSL) to report earnings on April, 26. They expect $1.05 earnings per share, up 0.96 % or $0.01 from last year’s $1.04 per share. CSL’s profit will be $64.44M for 23.87 P/E if the $1.05 EPS becomes a reality. After $1.17 actual earnings per share reported by Carlisle Companies Incorporated for the previous quarter, Wall Street now forecasts -10.26 % negative EPS growth.

Carlisle Companies Incorporated (NYSE:CSL) Ratings Coverage

Total analysts of 4 have positions in Carlisle Companies (NYSE:CSL) as follows: 4 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. Since October 25, 2017 according to StockzIntelligence Inc Carlisle Companies has 6 analyst reports. On Friday, February 9 the stock of Carlisle Companies Incorporated (NYSE:CSL) earned “Buy” rating by SunTrust. In Friday, February 9 report Robert W. Baird maintained the stock with “Outperform” rating. On Friday, April 6 the stock of Carlisle Companies Incorporated (NYSE:CSL) earned “Outperform” rating by BMO Capital Markets. On Tuesday, October 24 BMO Capital Markets maintained Carlisle Companies Incorporated (NYSE:CSL) rating. BMO Capital Markets has “Buy” rating and $130.0 target. On Wednesday, October 25 the firm has “Outperform” rating by Robert W. Baird given.

Carlisle Companies Incorporated (NYSE:CSL) Institutional Investors Chart

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