Carlisle Companies Incorporated (NYSE:CSL) Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 18.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,105 shares of the conglomerate’s stock after purchasing an additional 325 shares during the quarter. Bridges Investment Management Inc.’s holdings in Carlisle Companies were worth $776,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Pensionfund Sabic acquired a new position in Carlisle Companies during the 4th quarter valued at approximately $1,291,000. KBC Group NV increased its stake in Carlisle Companies by 34.9% during the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock valued at $4,788,000 after purchasing an additional 2,752 shares in the last quarter. Geode Capital Management LLC increased its stake in Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares in the last quarter. Quest Partners LLC increased its stake in Carlisle Companies by 624.8% during the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock valued at $2,090,000 after purchasing an additional 4,005 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in Carlisle Companies during the 3rd quarter valued at approximately $631,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $340.26 on Monday. The company’s fifty day moving average price is $370.24 and its 200 day moving average price is $411.46. Carlisle Companies Incorporated has a 1 year low of $332.04 and a 1 year high of $481.26. The company has a market capitalization of $15.16 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter in the prior year, the firm earned $4.17 EPS. On average, research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Loop Capital dropped their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group dropped their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Insider Buying and Selling

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.