Carlisle Companies Incorporated (NYSE:CSL) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 19,643 shares of the conglomerate’s stock after purchasing an additional 1,014 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Carlisle Companies were worth $6,688,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CSL. HB Wealth Management LLC grew its stake in Carlisle Companies by 109.3% during the 1st quarter. HB Wealth Management LLC now owns 2,066 shares of the conglomerate’s stock valued at $703,000 after purchasing an additional 1,079 shares in the last quarter. TD Asset Management Inc increased its holdings in Carlisle Companies by 6.1% during the 1st quarter. TD Asset Management Inc now owns 289,261 shares of the conglomerate’s stock worth $98,493,000 after purchasing an additional 16,612 shares during the last quarter. Mediolanum International Funds Ltd increased its holdings in Carlisle Companies by 8.6% during the 1st quarter. Mediolanum International Funds Ltd now owns 30,206 shares of the conglomerate’s stock worth $10,349,000 after purchasing an additional 2,381 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Carlisle Companies by 1,611.7% during the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate’s stock worth $73,202,000 after purchasing an additional 202,425 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Carlisle Companies by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 8,882 shares of the conglomerate’s stock worth $3,024,000 after purchasing an additional 458 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSL. Robert W. Baird lifted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Truist Financial dropped their price objective on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. began coverage on Carlisle Companies in a report on Tuesday, June 24th. They set an “overweight” rating and a $500.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $461.67.

Carlisle Companies Price Performance

Shares of CSL opened at $410.55 on Thursday. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.27 and a beta of 1.03. The stock has a 50 day moving average of $389.89 and a 200-day moving average of $371.42. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing the consensus estimate of $6.67 by ($0.40). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. Carlisle Companies’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.24 EPS. As a group, analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

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.