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

Zurich Insurance Group Ltd FI lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 28.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,107 shares of the conglomerate's stock after selling 57,654 shares during the quarter. Zurich Insurance Group Ltd FI owned approximately 0.32% of Carlisle Companies worth $53,521,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CSL. TD Private Client Wealth LLC raised its holdings in shares of Carlisle Companies by 475.0% during the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 57 shares during the last quarter. GeoWealth Management LLC raised its holdings in shares of Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after acquiring an additional 29 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock valued at $59,000 after acquiring an additional 78 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Carlisle Companies by 55.4% during 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 last quarter. Finally, Quarry LP increased its holdings in shares of Carlisle Companies by 39.8% in the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock valued at $69,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Trading Down 0.6%

CSL stock traded down $2.17 during midday trading on Friday, hitting $387.31. 242,402 shares of the company's stock were exchanged, compared to its average volume of 394,436. The business has a 50-day simple moving average of $363.80 and a two-hundred day simple moving average of $379.67. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $16.75 billion, a PE ratio of 14.02, a P/E/G ratio of 1.03 and a beta of 1.07. 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 posted its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.08. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.72 earnings per share. On average, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 1.03%. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

Analyst Ratings Changes

Several research firms recently commented on CSL. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Truist Financial cut their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Robert W. Baird increased their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $454.00.

Carlisle Companies Company 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.