Zions Bancorporation National Association UT Has $337,000 Position in Carlisle Companies Incorporated $CSL

Zions Bancorporation National Association UT cut its position in Carlisle Companies Incorporated (NYSE:CSL) by 76.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,025 shares of the conglomerate’s stock after selling 3,381 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Carlisle Companies were worth $337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in Carlisle Companies in the 2nd quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Carlisle Companies in the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Carlisle Companies by 527.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 58 shares during the last quarter. Traub Capital Management LLC acquired a new position in shares of Carlisle Companies during the second quarter worth $28,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of Carlisle Companies by 69.6% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 32 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Insider Transactions at Carlisle Companies

In other news, insider Stephen Schwar sold 6,049 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the sale, the insider owned 8,540 shares in the company, valued at $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO D Christian Koch sold 36,260 shares of the stock in a transaction 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 transaction, the chief executive officer owned 113,238 shares in the company, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 68,289 shares of company stock valued at $28,125,467 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CSL. Robert W. Baird set a $420.00 target price on Carlisle Companies in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. JPMorgan Chase & Co. reduced their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. William Blair began coverage on shares of Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating for the company. Finally, Truist Financial dropped their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Hold” and a consensus target price of $392.50.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $408.26 on Wednesday. The firm has a 50 day moving average of $354.03 and a 200-day moving average of $346.97. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm earned $4.47 earnings per share. Carlisle Companies’s revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s payout ratio is presently 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.