Allspring Global Investments Holdings LLC Sells 1,571 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Allspring Global Investments Holdings LLC lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,099,694 shares of the conglomerate’s stock after selling 1,571 shares during the quarter. Carlisle Companies comprises about 0.6% of Allspring Global Investments Holdings LLC’s portfolio, making the stock its 22nd largest holding. Allspring Global Investments Holdings LLC’s holdings in Carlisle Companies were worth $402,886,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CSL. Pensionfund Sabic bought a new stake in shares of Carlisle Companies during the fourth quarter worth approximately $1,291,000. KBC Group NV lifted its holdings in Carlisle Companies by 34.9% during the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock worth $4,788,000 after purchasing an additional 2,752 shares during the last quarter. Geode Capital Management LLC boosted its stake in Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares during the period. Quest Partners LLC boosted its stake in Carlisle Companies by 624.8% in the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock valued at $2,090,000 after purchasing an additional 4,005 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in Carlisle Companies in the 3rd quarter valued at $631,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $357.59 on Wednesday. The firm has a 50 day moving average of $388.30 and a 200-day moving average of $416.04. Carlisle Companies Incorporated has a 12 month low of $338.52 and a 12 month high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $16.21 billion, a PE ratio of 12.94, a PEG ratio of 1.04 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 33.14%. During the same quarter in the prior year, the company earned $4.17 earnings per share. On average, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.12%. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the sale, the vice president now owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,475 shares of company stock valued at $541,219 over the last ninety days. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CSL has been the subject of a number of research reports. Loop Capital reduced their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Robert W. Baird cut their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. The Goldman Sachs Group cut their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Oppenheimer restated an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

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.