Is Buying Carlisle Companies Incorporated (NYSE:CSL), Having Lower Short Interest a Winning Strategy?

January 16, 2018 - By Vivian Currie

 Is Buying Carlisle Companies Incorporated (NYSE:CSL), Having Lower Short Interest a Winning Strategy?

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.05, from 0.9 in 2017Q2. It dived, as 31 investors sold Carlisle Companies Incorporated shares while 118 reduced holdings. 46 funds opened positions while 81 raised stakes. 53.11 million shares or 1.54% less from 53.95 million shares in 2017Q2 were reported.
Guinness Asset Ltd reported 98 shares stake. Lpl Lc holds 4,071 shares. Globeflex Capital L P reported 8,457 shares stake. Mutual Of America Cap Llc holds 70,160 shares. Td Asset Mgmt holds 0.01% or 42,575 shares. Basswood Mngmt Ltd Liability has invested 1.56% in Carlisle Companies Incorporated (NYSE:CSL). Mason Street Advisors Limited holds 0.08% in Carlisle Companies Incorporated (NYSE:CSL) or 31,355 shares. Us Natl Bank De holds 0% of its portfolio in Carlisle Companies Incorporated (NYSE:CSL) for 7,690 shares. 65,133 were accumulated by Prudential Financial. High Pointe Cap Mngmt Limited Liability invested in 6,000 shares. Franklin Resources Inc has invested 0.04% in Carlisle Companies Incorporated (NYSE:CSL). Invesco Limited reported 170,936 shares. Hgk Asset Mgmt, New Jersey-based fund reported 115,883 shares. Van Den Berg Mgmt I accumulated 19,645 shares. Colonial Tru owns 16,800 shares or 0.37% of their US portfolio.

Since August 30, 2017, it had 0 buys, and 1 sale for $589,438 activity.

The stock of Carlisle Companies Incorporated (NYSE:CSL) registered a decrease of 14.91% in short interest. CSL’s total short interest was 1.38M shares in January as published by FINRA. Its down 14.91% from 1.63M shares, reported previously. With 274,500 shares average volume, it will take short sellers 5 days to cover their CSL’s short positions.

The stock decreased 0.08% or $0.09 during the last trading session, reaching $116.87. About 24,911 shares traded. Carlisle Companies Incorporated (NYSE:CSL) has declined 0.67% since January 16, 2017 and is downtrending. It has underperformed by 17.37% the S&P500.

Carlisle Companies Incorporated operates as a diversified manufacturing firm in the worldwide. The company has market cap of $7.25 billion. The companyÂ’s Construction Materials segment makes and sells rubber, thermoplastic polyolefin, and polyvinyl chloride membrane roofing systems; rigid foam insulation panels for various roofing applications; and liquid and spray-applied waterproofing membranes, vapor and air barriers, and HVAC duct sealants and hardware for the commercial and residential construction markets. It has a 23.11 P/E ratio. The Company’s Interconnect Technologies segment creates and makes wires, cables, connectors, contacts, and cable assemblies for the transfer of power and data primarily for the aerospace, medical, defense electronics, test and measurement equipment, and other industrial markets.

Carlisle Companies Incorporated (NYSE:CSL) Ratings Coverage

Among 12 analysts covering Carlisle Companies (NYSE:CSL), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Carlisle Companies had 25 analyst reports since September 1, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Longbow on Tuesday, November 29. BMO Capital Markets maintained it with “Buy” rating and $130.0 target in Friday, September 22 report. As per Thursday, October 12, the company rating was maintained by SunTrust. On Friday, January 22 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Outperform” rating given on Tuesday, September 1 by Oppenheimer. The stock of Carlisle Companies Incorporated (NYSE:CSL) has “Buy” rating given on Thursday, May 26 by Topeka Capital Markets. The firm earned “Sector Weight” rating on Tuesday, September 29 by KeyBanc Capital Markets. RBC Capital Markets maintained Carlisle Companies Incorporated (NYSE:CSL) rating on Thursday, April 28. RBC Capital Markets has “Sector Perform” rating and $102 target. The rating was maintained by BMO Capital Markets with “Buy” on Friday, April 21. The stock of Carlisle Companies Incorporated (NYSE:CSL) earned “Buy” rating by BMO Capital Markets on Tuesday, May 30.

More notable recent Carlisle Companies Incorporated (NYSE:CSL) news were published by: Businesswire.com which released: “Carlisle Companies Incorporated Elects Jesse Singh to Board of Directors” on December 13, 2017, also Seekingalpha.com with their article: “This Mid-Cap Dividend Champion Is Worth A Look” published on October 03, 2017, Nasdaq.com published: “Carlisle Companies Inc. Q3 Earnings Decline 24%” on October 24, 2017. More interesting news about Carlisle Companies Incorporated (NYSE:CSL) were released by: Seekingalpha.com and their article: “Carlisle Companies’ (CSL) CEO Christian Koch on Q3 2017 Results – Earnings …” published on October 25, 2017 as well as Seekingalpha.com‘s news article titled: “Carlisle Companies: Short-Term Pain, Long-Term Gain” with publication date: June 27, 2017.

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