Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Posted by Defense World Staff on Aug 13th, 2023

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,929 shares of the conglomerate’s stock after buying an additional 313 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Carlisle Companies were worth $4,957,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CSL. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Carlisle Companies by 12.5% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,773 shares of the conglomerate’s stock valued at $4,018,000 after acquiring an additional 1,973 shares during the period. Robeco Schweiz AG acquired a new position in shares of Carlisle Companies in the 1st quarter valued at $91,112,000. Truist Financial Corp increased its holdings in shares of Carlisle Companies by 42.2% in the 1st quarter. Truist Financial Corp now owns 288,771 shares of the conglomerate’s stock valued at $65,282,000 after acquiring an additional 85,752 shares during the period. AllGen Financial Advisors Inc. increased its holdings in shares of Carlisle Companies by 3.6% in the 1st quarter. AllGen Financial Advisors Inc. now owns 6,041 shares of the conglomerate’s stock valued at $1,366,000 after acquiring an additional 212 shares during the period. Finally, Lmcg Investments LLC increased its holdings in shares of Carlisle Companies by 2.4% in the 1st quarter. Lmcg Investments LLC now owns 3,438 shares of the conglomerate’s stock valued at $777,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 87.45% of the company’s stock.

Insider Transactions at Carlisle Companies

In other news, insider Lori A. Snyder sold 300 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $277.37, for a total transaction of $83,211.00. Following the transaction, the insider now directly owns 548 shares of the company’s stock, valued at approximately $151,998.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL opened at $288.37 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.00 and a current ratio of 2.58. Carlisle Companies Incorporated has a 1 year low of $203.65 and a 1 year high of $318.71. The stock has a market capitalization of $14.40 billion, a P/E ratio of 20.73, a P/E/G ratio of 0.95 and a beta of 0.95. The company’s fifty day moving average is $258.56 and its two-hundred day moving average is $239.92.

Carlisle Companies (NYSE:CSL – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The conglomerate reported $5.18 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $0.45. Carlisle Companies had a net margin of 12.18% and a return on equity of 29.71%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $6.15 EPS. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 17.61 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.75. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.18%. Carlisle Companies’s dividend payout ratio is 21.57%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CSL shares. BMO Capital Markets cut their target price on shares of Carlisle Companies from $335.00 to $310.00 in a report on Monday, May 1st. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $310.00 to $320.00 in a research note on Thursday, July 27th. Loop Capital dropped their price objective on shares of Carlisle Companies from $300.00 to $285.00 in a research note on Friday, April 28th. Finally, StockNews.com assumed coverage on shares of Carlisle Companies in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus target price of $313.33.

Check Out Our Latest Stock Report on Carlisle Companies

About Carlisle Companies

(Free Report)

Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.