1,780 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,780 shares of the conglomerate’s stock, valued at approximately $721,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Carlisle Companies during the 4th quarter worth $31,000. ORG Partners LLC purchased a new position in Carlisle Companies during the 2nd quarter worth $31,000. Principal Securities Inc. purchased a new position in Carlisle Companies during the 4th quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $39,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Robert W. Baird boosted their price target on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Oppenheimer reiterated an “outperform” rating and set a $480.00 price target (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $433.00.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $436.98 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The stock has a market capitalization of $20.80 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.30 and a beta of 0.90. The firm’s 50 day simple moving average is $410.59 and its 200-day simple moving average is $402.95. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $443.87.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.40. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $5.18 EPS. Analysts expect that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.92%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s payout ratio is 23.19%.

Insider Activity

In other news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David W. Smith sold 600 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

About Carlisle Companies

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.