Carlisle Companies Incorporated (NYSE:CSL) Stock Holdings Lessened by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 55.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,629 shares of the conglomerate's stock after selling 23,085 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Carlisle Companies were worth $6,871,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CSL. True Wealth Design LLC lifted its position in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after buying an additional 70 shares during the last quarter. Quarry LP lifted its holdings in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock worth $60,000 after acquiring an additional 57 shares during the last quarter. UMB Bank n.a. boosted its stake in Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock valued at $69,000 after acquiring an additional 67 shares during the period. Covestor Ltd grew its holdings in shares of Carlisle Companies by 19.3% during the third quarter. Covestor Ltd now owns 198 shares of the conglomerate's stock valued at $89,000 after purchasing an additional 32 shares during the last quarter. Finally, Huntington National Bank raised its position in shares of Carlisle Companies by 57.0% during the 3rd quarter. Huntington National Bank now owns 212 shares of the conglomerate's stock worth $95,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

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Insiders Place Their Bets

In related news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now owns 815 shares of the company's stock, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded up $7.78 on Monday, hitting $343.69. The company's stock had a trading volume of 391,244 shares, compared to its average volume of 347,226. Carlisle Companies Incorporated has a 12 month low of $321.93 and a 12 month high of $481.26. The stock's 50-day moving average is $362.29 and its two-hundred day moving average is $405.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping analysts' consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same period in the prior year, the business earned $4.17 earnings per share. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's payout ratio is currently 14.48%.

Analysts Set New Price Targets

A number of research analysts recently commented on CSL shares. Oppenheimer restated an "outperform" rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Loop Capital lowered their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Finally, The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $476.00.

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.