Zurcher Kantonalbank Zurich Cantonalbank Has $18.76 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 118.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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’s holdings in Carlisle Companies were worth $18,761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Glenmede Trust Co. NA lifted its position in shares of Carlisle Companies by 11.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,003 shares of the conglomerate’s stock valued at $451,000 after acquiring an additional 105 shares during the period. Bridgewater Associates LP increased its stake in Carlisle Companies by 77.8% in the third quarter. Bridgewater Associates LP now owns 71,927 shares of the conglomerate’s stock valued at $32,349,000 after purchasing an additional 31,470 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Carlisle Companies by 21.1% during the third quarter. BNP Paribas Financial Markets now owns 22,042 shares of the conglomerate’s stock valued at $9,913,000 after purchasing an additional 3,845 shares during the period. Brooklyn Investment Group bought a new position in shares of Carlisle Companies during the 3rd quarter worth about $123,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Carlisle Companies in the 3rd quarter valued at about $226,000. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. Oppenheimer upped their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird lowered their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Stock Down 0.0 %

Shares of NYSE:CSL opened at $457.58 on Friday. The business’s 50 day moving average is $449.13 and its 200 day moving average is $425.19. Carlisle Companies Incorporated has a 12-month low of $272.20 and a 12-month high of $481.26. The stock has a market cap of $20.74 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.51 and a beta of 0.91. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

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

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a $1.00 dividend. The ex-dividend date of this dividend 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 related news, VP David W. Smith sold 275 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.