Principal Financial Group Inc. Sells 1,514 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Principal Financial Group Inc. reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,728 shares of the conglomerate's stock after selling 1,514 shares during the period. Principal Financial Group Inc. owned about 0.24% of Carlisle Companies worth $36,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Invesco Ltd. grew its holdings in shares of Carlisle Companies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock worth $502,239,000 after purchasing an additional 29,799 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock valued at $440,476,000 after acquiring an additional 17,206 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Carlisle Companies by 4.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,148,796 shares of the conglomerate's stock valued at $394,244,000 after acquiring an additional 49,102 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Carlisle Companies by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock valued at $418,617,000 after acquiring an additional 34,021 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Carlisle Companies by 692.1% in the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after acquiring an additional 538,990 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CSL. Robert W. Baird lifted their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Truist Financial lowered 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. Finally, JPMorgan Chase & Co. assumed 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $461.67.

Carlisle Companies Stock Up 1.0%

Shares of CSL traded up $4.06 during trading hours on Tuesday, hitting $401.14. The company had a trading volume of 752,001 shares, compared to its average volume of 453,954. The firm has a fifty day moving average price of $382.48 and a 200-day moving average price of $366.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.19 and a beta of 1.03. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share 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 analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $3.72 EPS. Carlisle Companies's revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

About Carlisle Companies

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.