Principal Financial Group Inc. Sells 3,171 Shares of Carlisle Companies Incorporated $CSL

Principal Financial Group Inc. reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 98,154 shares of the conglomerate’s stock after selling 3,171 shares during the period. Principal Financial Group Inc. owned 0.23% of Carlisle Companies worth $32,289,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hemington Wealth Management grew its position in Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in Carlisle Companies by 69.6% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 32 shares during the period. Blue Trust Inc. grew its stake in shares of Carlisle Companies by 4.9% in the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock worth $223,000 after buying an additional 32 shares during the last quarter. DNB Asset Management AS raised its holdings in Carlisle Companies by 0.3% in the 2nd quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock worth $4,576,000 after acquiring an additional 33 shares during the last quarter. Finally, MAI Capital Management grew its stake in shares of Carlisle Companies by 26.6% in the second quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock worth $59,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $401.08 on Friday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.24 and a beta of 0.94. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average of $339.64 and a 200 day moving average of $347.70.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $4.47 earnings per share. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Carlisle Companies’s dividend payout ratio is 25.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. William Blair began coverage on Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating for the company. Truist Financial reduced their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Vertical Research initiated coverage on Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating for the company. JPMorgan Chase & Co. dropped their price objective 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. Finally, Oppenheimer decreased their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and a consensus target price of $392.50.

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.