Bridges Investment Management Inc. Acquires 31,663 Shares of Carlisle Companies Incorporated $CSL

Bridges Investment Management Inc. lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,770 shares of the conglomerate’s stock after acquiring an additional 31,663 shares during the quarter. Bridges Investment Management Inc. owned approximately 0.43% of Carlisle Companies worth $57,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Illinois Municipal Retirement Fund raised its holdings in shares of Carlisle Companies by 0.6% during the third quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after acquiring an additional 33 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Carlisle Companies by 43.0% during the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after acquiring an additional 34 shares in the last quarter. Huntington National Bank raised its holdings in shares of Carlisle Companies by 25.2% during the fourth quarter. Huntington National Bank now owns 169 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 34 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Carlisle Companies by 1.0% during the third quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock valued at $1,160,000 after acquiring an additional 34 shares in the last quarter. Finally, Nicolet Advisory Services LLC raised its holdings in shares of Carlisle Companies by 3.5% during the third quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock valued at $337,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. Raymond James Financial assumed coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Oppenheimer increased their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Finally, William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Trading Up 1.4%

NYSE CSL opened at $343.61 on Wednesday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The stock has a market cap of $13.91 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.07 and a beta of 0.86. The stock’s fifty day moving average price is $344.94 and its 200-day moving average price is $348.12. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the firm posted $3.61 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 21.16 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio is currently 25.87%.

About Carlisle Companies

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.