Bridgewater Associates LP Has $32.35 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

Bridgewater Associates LP raised its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 77.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,927 shares of the conglomerate’s stock after acquiring an additional 31,470 shares during the quarter. Bridgewater Associates LP owned about 0.16% of Carlisle Companies worth $32,349,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CSL. Resonant Capital Advisors LLC raised its holdings in Carlisle Companies by 3.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock valued at $332,000 after acquiring an additional 24 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of Carlisle Companies by 1.1% in the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock valued at $1,023,000 after purchasing an additional 24 shares in the last quarter. Diversify Advisory Services LLC lifted its position in Carlisle Companies by 1.6% in the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock worth $719,000 after purchasing an additional 25 shares during the period. Equitable Trust Co. boosted its stake in Carlisle Companies by 0.3% during the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock worth $3,874,000 after buying an additional 25 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in Carlisle Companies by 5.2% in the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock valued at $273,000 after buying an additional 30 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Performance

NYSE CSL opened at $461.22 on Wednesday. Carlisle Companies Incorporated has a 1-year low of $272.15 and a 1-year high of $481.26. The company has a 50 day moving average of $447.29 and a 200-day moving average of $424.42. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The firm has a market cap of $20.91 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.55 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.68 EPS. On average, equities analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.87%. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Robert W. Baird dropped their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Truist Financial initiated coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

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.