Carlisle Companies Incorporated $CSL Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 221.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 148,107 shares of the conglomerate’s stock after purchasing an additional 102,014 shares during the period. Bridges Investment Management Inc. owned about 0.35% of Carlisle Companies worth $48,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. Goldman Sachs Group Inc. grew its stake in shares of Carlisle Companies by 36.9% in the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after buying an additional 28,414 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Carlisle Companies by 384.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,147 shares of the conglomerate’s stock worth $1,175,000 after acquiring an additional 2,497 shares in the last quarter. Ascent Group LLC purchased a new position in Carlisle Companies during the 2nd quarter valued at about $261,000. QRG Capital Management Inc. boosted its holdings in Carlisle Companies by 3.6% during the 2nd quarter. QRG Capital Management Inc. now owns 5,957 shares of the conglomerate’s stock valued at $2,224,000 after acquiring an additional 209 shares during the period. Finally, Boston Common Asset Management LLC grew its position in Carlisle Companies by 9.4% in the 2nd quarter. Boston Common Asset Management LLC now owns 13,952 shares of the conglomerate’s stock valued at $5,210,000 after acquiring an additional 1,202 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.4%

Carlisle Companies stock opened at $340.79 on Monday. The stock has a market cap of $14.24 billion, a PE ratio of 19.33, a P/E/G ratio of 1.06 and a beta of 0.94. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. The stock’s fifty day moving average is $334.78 and its two-hundred day moving average is $347.81. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s payout ratio is presently 24.96%.

Wall Street Analyst Weigh In

CSL has been the topic of several research reports. William Blair began coverage on shares of Carlisle Companies in a research report on Friday. They set a “market perform” rating on the stock. Vertical Research assumed coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating on the stock. Oppenheimer decreased their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. JPMorgan Chase & Co. dropped their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group cut their price objective on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.