Zions Bancorporation N.A. Grows Position in Carlisle Companies Incorporated (NYSE:CSL)

Zions Bancorporation N.A. increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 25.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,750 shares of the conglomerate’s stock after buying an additional 563 shares during the period. Zions Bancorporation N.A.’s holdings in Carlisle Companies were worth $1,237,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Truist Financial Corp increased its stake in shares of Carlisle Companies by 0.8% during the second quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock worth $135,438,000 after buying an additional 2,545 shares during the period. TD Asset Management Inc increased its stake in Carlisle Companies by 2,073.5% in the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after purchasing an additional 268,685 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Carlisle Companies by 2.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after purchasing an additional 6,613 shares during the last quarter. Zurich Insurance Group Ltd FI increased its stake in Carlisle Companies by 1.9% in the second quarter. Zurich Insurance Group Ltd FI now owns 191,738 shares of the conglomerate’s stock valued at $77,694,000 after purchasing an additional 3,504 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Carlisle Companies by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock valued at $71,375,000 after purchasing an additional 4,017 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CSL. Robert W. Baird dropped their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Oppenheimer increased their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Truist Financial began coverage on shares of Carlisle Companies in a research note on Thursday. They issued a “hold” rating and a $460.00 price target on the stock. Finally, StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $472.00.

Carlisle Companies Price Performance

CSL stock opened at $450.58 on Friday. The company has a market capitalization of $20.42 billion, a P/E ratio of 15.94, a PEG ratio of 1.48 and a beta of 0.91. Carlisle Companies Incorporated has a twelve month low of $269.58 and a twelve month high of $481.26. The business has a 50 day simple moving average of $441.60 and a 200-day simple moving average of $421.92. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business earned $4.68 earnings per share. Carlisle Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 20.36 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.89%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

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.