Bank Julius Baer & Co. Ltd Zurich Purchases Shares of 21,542 Carlisle Companies Incorporated (NYSE:CSL)

Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 21,542 shares of the conglomerate's stock, valued at approximately $7,460,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Carlisle Companies during the fourth quarter worth $208,095,000. Wells Fargo & Company MN increased its stake in Carlisle Companies by 692.1% in the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after acquiring an additional 538,990 shares during the last quarter. GAMMA Investing LLC increased its stake in Carlisle Companies by 38,164.5% in the first quarter. GAMMA Investing LLC now owns 507,005 shares of the conglomerate's stock valued at $172,635,000 after acquiring an additional 505,680 shares during the last quarter. Inlight Wealth Management LLC bought a new position in Carlisle Companies in the fourth quarter valued at $118,038,000. Finally, Cooke & Bieler LP bought a new position in shares of Carlisle Companies during the first quarter valued at about $74,095,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Carlisle Companies stock traded up $5.55 during mid-day trading on Friday, hitting $435.09. The stock had a trading volume of 181,039 shares, compared to its average volume of 451,931. The firm has a market capitalization of $18.82 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.27 and a beta of 1.03. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. The firm's 50 day moving average is $388.10 and its 200 day moving average is $369.93. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $3.72 EPS. The business's revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Wall Street Analyst Weigh In

CSL has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 target price for the company. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Wall Street Zen raised shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Truist Financial reduced their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, Robert W. Baird lifted their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $461.67.

Carlisle Companies Profile

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.