Allspring Global Investments Holdings LLC Sells 160,031 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,101,265 shares of the conglomerate’s stock after selling 160,031 shares during the period. Carlisle Companies comprises about 0.8% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 14th biggest position. Allspring Global Investments Holdings LLC owned 2.31% of Carlisle Companies worth $495,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CSL. Resonant Capital Advisors LLC boosted its position in Carlisle Companies by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock valued at $332,000 after buying an additional 24 shares during the period. Blue Trust Inc. lifted its position in Carlisle Companies by 225.2% during the 3rd quarter. Blue Trust Inc. now owns 722 shares of the conglomerate’s stock valued at $325,000 after acquiring an additional 500 shares during the period. Dixon Mitchell Investment Counsel Inc. lifted its position in Carlisle Companies by 5.6% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 71,065 shares of the conglomerate’s stock valued at $31,961,000 after acquiring an additional 3,753 shares during the period. Net Worth Advisory Group bought a new stake in Carlisle Companies during the 3rd quarter valued at about $659,000. Finally, Trust Point Inc. grew its stake in shares of Carlisle Companies by 17.7% in the third quarter. Trust Point Inc. now owns 1,009 shares of the conglomerate’s stock worth $454,000 after acquiring an additional 152 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Trading Down 0.3 %

CSL stock traded down $1.39 during trading on Friday, hitting $471.16. The company had a trading volume of 222,183 shares, compared to its average volume of 326,203. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $481.26. The company has a 50 day simple moving average of $429.00 and a 200-day simple moving average of $414.22. The firm has a market capitalization of $22.43 billion, a P/E ratio of 27.31, a PEG ratio of 1.52 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (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 net margin of 27.88% and a return on equity of 31.65%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $5.18 EPS. As a group, research analysts forecast that Carlisle Companies Incorporated will post 20.57 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend 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%.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were 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 $1,206,037.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David W. Smith sold 600 shares of the firm’s stock in a transaction on 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 approximately $1,206,037.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Company Profile

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.