Carlisle Companies Incorporated $CSL is Allspring Global Investments Holdings LLC's 10th Largest Position

Key Points

• Allspring Global Investments Holdings LLC has increased its stake in Carlisle Companies by 11.3%, making it the 10th largest position in their portfolio with holdings valued at approximately $499 million.
• Research firms have shown mixed ratings for Carlisle Companies, with Zacks Research downgrading the stock to a "strong sell" rating, while JPMorgan Chase maintained an "overweight" rating but lowered the price target.
• Carlisle Companies recently announced an increased dividend to $1.10 per share, a rise from their previous dividend of $1.00, indicating a robust payout ratio of 24.58%.

Allspring Global Investments Holdings LLC lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,279,031 shares of the conglomerate's stock after purchasing an additional 130,235 shares during the period. Carlisle Companies comprises about 0.8% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 10th largest holding. Allspring Global Investments Holdings LLC owned 2.96% of Carlisle Companies worth $499,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CSL. Cooke & Bieler LP purchased a new position in shares of Carlisle Companies in the 1st quarter valued at about $74,095,000. Pacer Advisors Inc. increased its stake in Carlisle Companies by 1,611.7% during the 1st quarter. Pacer Advisors Inc. now owns 214,985 shares of the conglomerate's stock worth $73,202,000 after buying an additional 202,425 shares in the last quarter. Nuveen LLC purchased a new stake in Carlisle Companies during the 1st quarter worth approximately $62,485,000. Victory Capital Management Inc. increased its stake in Carlisle Companies by 112.3% during the 1st quarter. Victory Capital Management Inc. now owns 240,516 shares of the conglomerate's stock worth $81,896,000 after buying an additional 127,234 shares in the last quarter. Finally, Madison Asset Management LLC increased its stake in Carlisle Companies by 28.2% during the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate's stock worth $175,403,000 after buying an additional 113,312 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

CSL has been the subject of several research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research note on Wednesday, October 8th. Zacks Research lowered Carlisle Companies from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. cut their price objective on Carlisle Companies from $480.00 to $410.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Truist Financial cut their price objective on Carlisle Companies from $380.00 to $350.00 and set a "hold" rating for the company in a research note on Monday, September 22nd. Finally, Loop Capital lowered Carlisle Companies from a "buy" rating to a "hold" rating and cut their price objective for the stock from $430.00 to $395.00 in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Carlisle Companies currently has an average rating of "Hold" and an average price target of $429.17.

Carlisle Companies Trading Up 0.4%

CSL opened at $323.51 on Monday. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The stock has a market capitalization of $13.83 billion, a PE ratio of 18.07, a P/E/G ratio of 1.08 and a beta of 1.00. The business's 50 day moving average price is $361.62 and its 200 day moving average price is $372.56. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). Carlisle Companies had a net margin of 16.12% and a return on equity of 38.16%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company posted $6.24 earnings per share. The company's revenue was down .1% on a year-over-year basis. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $1.10 dividend. This is a boost from Carlisle Companies's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, August 19th. Carlisle Companies's payout ratio is currently 24.58%.

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.

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