Zions Bancorporation National Association UT Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Zions Bancorporation has made a new investment of approximately $1.55 million in Carlisle Companies Incorporated, acquiring 4,563 shares during the first quarter.
• Carlisle Companies recently reported a quarterly earnings per share (EPS) of $6.27, which missed analyst expectations of $6.67, alongside a slight revenue decline of 0.1% year-over-year.
• The company announced an increase in its quarterly dividend from $1.00 to $1.10, with a payout ratio of 22.35% and a yield of 1.2% for shareholders.

Zions Bancorporation National Association UT bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,563 shares of the conglomerate's stock, valued at approximately $1,554,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Carlisle Companies by 35.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock valued at $3,902,000 after buying an additional 2,976 shares during the period. Spire Wealth Management lifted its holdings in shares of Carlisle Companies by 2.8% in the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after buying an additional 54 shares during the period. CX Institutional acquired a new position in shares of Carlisle Companies in the 1st quarter valued at about $49,000. GAMMA Investing LLC lifted its holdings in shares of Carlisle Companies by 12.4% in the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock valued at $507,000 after buying an additional 164 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Carlisle Companies by 11.5% in the 1st quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock valued at $376,000 after buying an additional 114 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 2.1%

Shares of NYSE CSL traded down $8.24 during trading on Thursday, hitting $390.75. 210,197 shares of the company traded hands, compared to its average volume of 463,879. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26. The company has a 50-day moving average price of $385.93 and a 200-day moving average price of $369.32. The firm has a market capitalization of $16.70 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.21 and a beta of 1.05. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the firm earned $6.24 earnings per share. The firm's quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. Carlisle Companies's dividend payout ratio is presently 22.35%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Robert W. Baird lifted their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Loop Capital cut Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price objective for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Truist Financial dropped their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. assumed coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Carlisle Companies currently has an average rating of "Moderate Buy" and a consensus price target of $450.83.

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.