Allspring Global Investments Holdings LLC Sells 233,818 Shares of Carlisle Companies Incorporated $CSL

Allspring Global Investments Holdings LLC decreased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 36.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,588 shares of the conglomerate’s stock after selling 233,818 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Carlisle Companies were worth $138,225,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CSL. BOK Financial Private Wealth Inc. acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $27,000. Torren Management LLC acquired a new position in shares of Carlisle Companies during the fourth quarter valued at $33,000. Osterweis Capital Management Inc. acquired a new position in shares of Carlisle Companies during the second quarter valued at $36,000. Quarry LP bought a new position in Carlisle Companies in the fourth quarter valued at about $36,000. Finally, Rothschild Investment LLC boosted its holdings in Carlisle Companies by 3,866.7% in the fourth quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CSL. Oppenheimer lifted their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Robert W. Baird raised their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Truist Financial lowered their price target on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Raymond James Financial initiated coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $402.14.

Carlisle Companies Price Performance

NYSE CSL opened at $352.28 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.08 and a beta of 0.85. The business has a 50 day simple moving average of $348.65 and a 200 day simple moving average of $355.56. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 earnings per share. Analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.87%.

About Carlisle Companies

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.