Zurcher Kantonalbank Zurich Cantonalbank Purchases 22,586 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 118.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,714 shares of the conglomerate’s stock after buying an additional 22,586 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Carlisle Companies worth $18,761,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSL. FMR LLC boosted its position in shares of Carlisle Companies by 29.6% during the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares in the last quarter. Truist Financial Corp lifted its stake in Carlisle Companies by 0.8% during the second quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock worth $135,438,000 after purchasing an additional 2,545 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Carlisle Companies by 2,073.5% in the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after purchasing an additional 268,685 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Carlisle Companies by 2.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after purchasing an additional 6,613 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI raised its holdings in shares of Carlisle Companies by 1.9% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 191,738 shares of the conglomerate’s stock worth $77,694,000 after buying an additional 3,504 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Down 0.0 %

CSL opened at $457.58 on Friday. The company’s 50 day moving average price is $449.13 and its two-hundred day moving average price is $425.19. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.51 and a beta of 0.91. Carlisle Companies Incorporated has a fifty-two week low of $272.20 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last announced its earnings results 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). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business earned $4.68 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts predict that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.