Carlisle Companies Incorporated $CSL Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its Carlisle stake by 36.4% in the third quarter, selling 133,470 shares and retaining 233,315 shares valued at about $75.9 million. Institutional investors collectively own 89.52% of the stock.
• Carlisle beat quarterly estimates, reporting EPS of $5.92 and revenue of $1.46 billion; revenue rose 8.6% year over year.
• The company announced a quarterly dividend of $1.25 per share, equivalent to a 1.3% yield. Analysts’ consensus rating was Hold, with a consensus price target of $395.83.

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 36.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 233,315 shares of the conglomerate's stock after selling 133,470 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.60% of Carlisle Companies worth $75,876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Common Asset Management LLC lifted its stake in shares of Carlisle Companies by 0.6% in the 1st quarter. Boston Common Asset Management LLC now owns 5,190 shares of the conglomerate's stock worth $1,731,000 after acquiring an additional 30 shares during the period. Next Level Private LLC raised its stake in shares of Carlisle Companies by 0.3% in the 2nd quarter. Next Level Private LLC now owns 12,303 shares of the conglomerate's stock worth $4,463,000 after buying an additional 38 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Carlisle Companies by 71.7% in the 3rd quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate's stock worth $29,000 after buying an additional 38 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Carlisle Companies by 1.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,550 shares of the conglomerate's stock worth $925,000 after buying an additional 41 shares in the last quarter. Finally, Eastern Bank lifted its holdings in shares of Carlisle Companies by 3.2% in the third quarter. Eastern Bank now owns 1,341 shares of the conglomerate's stock valued at $432,000 after buying an additional 41 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Trading Up 5.5%

NYSE:CSL opened at $396.47 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 2.40 and a debt-to-equity ratio of 2.01. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $432.91. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.26 and a beta of 0.78. The stock has a fifty day simple moving average of $340.10 and a 200 day simple moving average of $353.41.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share for the quarter, topping analysts' consensus estimates of $5.89 by $0.03. Carlisle Companies had a return on equity of 51.25% and a net margin of 13.78%. The firm had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same quarter last year, the business posted $5.61 EPS. Carlisle Companies's revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 21.11 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 18th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, November 18th. Carlisle Companies's dividend payout ratio (DPR) is 28.26%.

Analyst Ratings Changes

Several brokerages recently weighed in on CSL. Robert W. Baird set a $410.00 target price on Carlisle Companies in a research note on Thursday, October 29th. DA Davidson set a $355.00 price target on shares of Carlisle Companies in a research report on Friday, October 9th. Finally, Weiss Ratings cut shares of Carlisle Companies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, November 4th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Carlisle Companies currently has a consensus rating of "Hold" and a consensus price target of $395.83.

About Carlisle Companies

Carlisle Companies Incorporated is a manufacturer focused on products for the building envelope—the systems that protect buildings from weather and support energy efficiency. Its businesses serve commercial and residential construction markets in North America and internationally.

Through Carlisle Construction Materials, the company supplies commercial roofing systems and related products, including roofing membranes, insulation, metal roofing and waterproofing solutions. Carlisle Weatherproofing Technologies offers products such as insulation, spray-applied foam, air and vapor barriers, coatings and sealants.

Founded in 1917, Carlisle has evolved from its origins in the tire and rubber business into a building-products company.

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