Carlisle Companies Incorporated $CSL Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 98,154 shares of the conglomerate’s stock after selling 3,171 shares during the quarter. Principal Financial Group Inc.’s holdings in Carlisle Companies were worth $32,289,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Carlisle Companies by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after acquiring an additional 358,241 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Carlisle Companies by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after purchasing an additional 130,235 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Carlisle Companies by 113.9% during the 3rd 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 last quarter. Bessemer Group Inc. increased its holdings in Carlisle Companies by 26.7% in the second quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock valued at $238,791,000 after buying an additional 134,718 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Carlisle Companies by 6.7% in the second quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock valued at $200,000,000 after buying an additional 33,552 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $401.08 on Friday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The stock’s 50-day moving average price is $339.64 and its 200 day moving average price is $347.70. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $16.76 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $4.47 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Analyst Ratings Changes

CSL has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Truist Financial lowered their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. dropped their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. The Goldman Sachs Group reduced their price objective on shares of Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and an average target price of $392.50.

Carlisle Companies 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.