Swiss National Bank Trims Stake in Carlisle Companies Incorporated (NYSE:CSL)

Swiss National Bank reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSLGet Rating) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,700 shares of the conglomerate’s stock after selling 900 shares during the period. Swiss National Bank owned approximately 0.24% of Carlisle Companies worth $29,277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CSL. Daiwa Securities Group Inc. grew its position in shares of Carlisle Companies by 0.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,300 shares of the conglomerate’s stock valued at $3,271,000 after purchasing an additional 100 shares in the last quarter. SG Americas Securities LLC grew its position in Carlisle Companies by 3.7% in the first quarter. SG Americas Securities LLC now owns 11,115 shares of the conglomerate’s stock worth $2,733,000 after acquiring an additional 393 shares in the last quarter. Signaturefd LLC grew its position in Carlisle Companies by 103.1% in the first quarter. Signaturefd LLC now owns 132 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 67 shares in the last quarter. Wakefield Asset Management LLLP purchased a new position in Carlisle Companies in the first quarter worth $320,000. Finally, Calamos Advisors LLC lifted its stake in Carlisle Companies by 3.0% in the first quarter. Calamos Advisors LLC now owns 7,265 shares of the conglomerate’s stock worth $1,787,000 after purchasing an additional 209 shares during the last quarter. 88.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CSL. Oppenheimer boosted their price target on shares of Carlisle Companies from $335.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, August 31st. Credit Suisse Group lowered their price target on shares of Carlisle Companies from $363.00 to $350.00 and set an “outperform” rating for the company in a research note on Monday, October 31st. StockNews.com began coverage on shares of Carlisle Companies in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Robert W. Baird boosted their price target on shares of Carlisle Companies from $325.00 to $330.00 in a research note on Tuesday, October 11th.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $245.01 on Thursday. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.69 and a beta of 0.91. The company has a 50-day moving average price of $273.92 and a 200-day moving average price of $270.23. The company has a current ratio of 1.79, a quick ratio of 1.27 and a debt-to-equity ratio of 0.75. Carlisle Companies Incorporated has a 12 month low of $211.06 and a 12 month high of $318.71.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, November 16th. Carlisle Companies’s dividend payout ratio (DPR) is 18.04%.

Carlisle Companies Company Profile

(Get Rating)

Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

See Also

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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