Allspring Global Investments Holdings LLC Has $394.24 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Allspring Global Investments Holdings LLC grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 4.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,148,796 shares of the conglomerate's stock after acquiring an additional 49,102 shares during the quarter. Carlisle Companies comprises about 0.7% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 19th biggest holding. Allspring Global Investments Holdings LLC owned approximately 2.60% of Carlisle Companies worth $394,244,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. TD Private Client Wealth LLC lifted its position in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 57 shares during the period. CX Institutional bought a new stake in shares of Carlisle Companies during the 1st quarter worth $49,000. GeoWealth Management LLC lifted its position in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after buying an additional 29 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Carlisle Companies by 95.1% during the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after buying an additional 78 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Carlisle Companies by 39.8% during the 4th quarter. Quarry LP now owns 186 shares of the conglomerate's stock worth $69,000 after buying an additional 53 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CSL shares. Wall Street Zen upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Robert W. Baird upped their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. JPMorgan Chase & Co. started coverage on Carlisle Companies in a research report on Tuesday, June 24th. They set an "overweight" rating and a $500.00 price objective for the company. Finally, Truist Financial dropped their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Carlisle Companies currently has an average rating of "Moderate Buy" and a consensus price target of $461.67.

Carlisle Companies Price Performance

CSL traded down $2.43 on Friday, reaching $374.55. The stock had a trading volume of 664,884 shares, compared to its average volume of 393,847. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The firm has a 50-day moving average of $379.37 and a 200-day moving average of $366.93. The company has a current ratio of 2.58, a quick ratio of 1.69 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $16.20 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 35.93% and a net margin of 25.24%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $3.72 EPS. The business's revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $1.00 dividend. The ex-dividend date was Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.07%. Carlisle Companies's payout ratio is presently 14.89%.

Carlisle Companies 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.