Allspring Global Investments Holdings LLC Lowers Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Allspring Global Investments Holdings LLC decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 12.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,101,265 shares of the conglomerate’s stock after selling 160,031 shares during the quarter. Carlisle Companies makes up approximately 0.8% of Allspring Global Investments Holdings LLC’s holdings, making the stock its 14th largest holding. Allspring Global Investments Holdings LLC’s holdings in Carlisle Companies were worth $495,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Truist Financial Corp lifted its position in Carlisle Companies by 0.8% during the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock worth $135,438,000 after acquiring an additional 2,545 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Carlisle Companies by 2,073.5% in the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after purchasing an additional 268,685 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Carlisle Companies by 2.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after buying an additional 6,613 shares during the period. Zurich Insurance Group Ltd FI lifted its holdings in shares of Carlisle Companies by 1.9% in the second quarter. Zurich Insurance Group Ltd FI now owns 191,738 shares of the conglomerate’s stock valued at $77,694,000 after buying an additional 3,504 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Carlisle Companies by 2.3% during the first quarter. Principal Financial Group Inc. now owns 186,370 shares of the conglomerate’s stock valued at $73,029,000 after purchasing an additional 4,168 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the subject of several research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $480.00 price objective (up from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Robert W. Baird increased their price objective on Carlisle Companies from $500.00 to $506.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $470.25.

Carlisle Companies Trading Down 0.3 %

Shares of Carlisle Companies stock traded down $1.39 during trading hours on Friday, hitting $471.16. The company’s stock had a trading volume of 222,183 shares, compared to its average volume of 326,203. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The company has a market capitalization of $22.43 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The stock has a 50 day moving average of $429.00 and a 200 day moving average of $414.22. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating the consensus estimate of $5.84 by $0.40. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.18 earnings per share. Analysts predict that Carlisle Companies Incorporated will post 20.57 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, August 20th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio (DPR) is 23.19%.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David W. Smith sold 600 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.