Baird Financial Group Inc. Decreases Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Baird Financial Group Inc. reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSLGet Rating) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,628 shares of the conglomerate’s stock after selling 122 shares during the period. Baird Financial Group Inc.’s holdings in Carlisle Companies were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Carlisle Companies by 0.9% during the 1st quarter. BlackRock Inc. now owns 4,324,883 shares of the conglomerate’s stock valued at $1,063,575,000 after buying an additional 39,500 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Carlisle Companies by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 927,999 shares of the conglomerate’s stock valued at $228,233,000 after buying an additional 12,139 shares in the last quarter. Inverness Counsel LLC NY increased its position in Carlisle Companies by 5.3% during the 2nd quarter. Inverness Counsel LLC NY now owns 552,151 shares of the conglomerate’s stock valued at $131,749,000 after buying an additional 27,954 shares in the last quarter. Bank of America Corp DE increased its position in Carlisle Companies by 1.8% during the 1st quarter. Bank of America Corp DE now owns 352,953 shares of the conglomerate’s stock valued at $86,799,000 after buying an additional 6,357 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Carlisle Companies by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 298,187 shares of the conglomerate’s stock valued at $73,330,000 after buying an additional 7,299 shares in the last quarter. 88.32% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Up 1.6 %

Shares of CSL opened at $250.75 on Friday. Carlisle Companies Incorporated has a 52 week low of $211.06 and a 52 week high of $318.71. The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 0.71 and a beta of 0.91. The stock’s 50-day moving average price is $271.55 and its 200-day moving average price is $270.00.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.20%. Carlisle Companies’s payout ratio is 18.04%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com began coverage on Carlisle Companies in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Robert W. Baird increased their price objective on Carlisle Companies from $325.00 to $330.00 in a report on Tuesday, October 11th. Oppenheimer increased their price objective on Carlisle Companies from $335.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. Finally, Credit Suisse Group cut their price objective on Carlisle Companies from $363.00 to $350.00 and set an “outperform” rating on the stock in a report on Monday, October 31st.

Carlisle Companies Company Profile

(Get Rating)

Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

Further Reading

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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