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

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 118.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,714 shares of the conglomerate's stock after purchasing an additional 22,586 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Carlisle Companies worth $18,761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Capital Performance Advisors LLP bought a new position in shares of Carlisle Companies during the 3rd quarter valued at $25,000. ORG Partners LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $32,000. ORG Wealth Partners LLC bought a new position in Carlisle Companies during the 3rd quarter worth approximately $32,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Carlisle Companies in the second quarter valued at approximately $39,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 0.2 %

Shares of CSL traded down $0.89 during trading hours on Friday, reaching $456.70. 166,658 shares of the company traded hands, compared to its average volume of 325,695. Carlisle Companies Incorporated has a 12 month low of $272.20 and a 12 month high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The company's fifty day moving average price is $449.55 and its two-hundred day moving average price is $425.49. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91.

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

Carlisle Companies Announces Dividend

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 given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, November 15th. Carlisle Companies's dividend payout ratio is currently 14.15%.

Insider Activity

In related news, VP David W. Smith sold 275 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

CSL has been the topic of several analyst reports. StockNews.com downgraded shares of Carlisle Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Oppenheimer increased their target price 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. Finally, Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They set a "hold" rating and a $460.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $472.00.

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.