Zurich Insurance Group Ltd FI Trims Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Zurich Insurance Group Ltd FI cut its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 145,107 shares of the conglomerate's stock after selling 57,654 shares during the quarter. Zurich Insurance Group Ltd FI owned about 0.32% of Carlisle Companies worth $53,521,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CSL. TD Private Client Wealth LLC grew its position in Carlisle Companies by 475.0% during the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after buying an additional 57 shares in the last quarter. GeoWealth Management LLC grew its position in Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after buying an additional 29 shares in the last quarter. Farther Finance Advisors LLC grew its position in Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after buying an additional 78 shares in the last quarter. Quarry LP grew its position in Carlisle Companies by 39.8% during the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after buying an additional 53 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Carlisle Companies by 55.4% during the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock worth $69,000 after buying an additional 67 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 0.7%

NYSE CSL opened at $405.75 on Tuesday. The stock has a 50-day moving average of $359.34 and a 200-day moving average of $380.52. The firm has a market cap of $17.55 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. Carlisle Companies's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.72 EPS. As a group, sell-side 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 will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.99%. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

Analyst Upgrades and Downgrades

CSL has been the subject of several research analyst reports. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Truist Financial dropped their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. StockNews.com raised Carlisle Companies from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Robert W. Baird lifted their price target on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $454.00.

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.

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