Swiss National Bank Has $41.02 Million Holdings in Carlisle Companies Incorporated $CSL

Swiss National Bank lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,700 shares of the conglomerate’s stock after selling 9,000 shares during the quarter. Swiss National Bank’s holdings in Carlisle Companies were worth $41,021,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in shares of Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after purchasing an additional 558,710 shares during the period. Barclays PLC grew its position in Carlisle Companies by 947.3% during the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after purchasing an additional 451,662 shares in the last quarter. Sands Capital Management LLC acquired a new position in Carlisle Companies in the 2nd quarter valued at approximately $159,203,000. JPMorgan Chase & Co. lifted its position in Carlisle Companies by 33.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after buying an additional 358,241 shares in the last quarter. Finally, Norges Bank purchased a new stake in Carlisle Companies in the 2nd quarter worth approximately $128,856,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Buying and Selling

In related news, CEO D Christian Koch sold 36,260 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the sale, the chief executive officer directly owned 113,238 shares in the company, valued at approximately $46,810,324.44. The trade was a 24.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the sale, the chief financial officer owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 68,289 shares of company stock worth $28,125,467. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of research reports. William Blair started coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating for the company. Robert W. Baird set a $420.00 price objective on Carlisle Companies in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Finally, Oppenheimer upped their target price on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $399.17.

Carlisle Companies Stock Down 0.3%

Shares of CSL traded down $1.05 during mid-day trading on Friday, hitting $342.33. 82,580 shares of the company’s stock were exchanged, compared to its average volume of 461,405. The firm has a fifty day moving average of $372.45 and a two-hundred day moving average of $348.18. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 1.13 and a beta of 0.91. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. Carlisle Companies’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.47 EPS. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s payout ratio is currently 25.72%.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.