Principal Financial Group Inc. Raises Stake in Carlisle Companies Incorporated $CSL

Principal Financial Group Inc. increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.7% in the first quarter, Holdings Channel reports. The firm owned 94,903 shares of the conglomerate’s stock after acquiring an additional 1,543 shares during the period. Principal Financial Group Inc.’s holdings in Carlisle Companies were worth $31,662,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Carlisle Companies in the 4th quarter valued at $76,626,000. SG Americas Securities LLC boosted its position in Carlisle Companies by 744.0% during the 4th quarter. SG Americas Securities LLC now owns 91,170 shares of the conglomerate’s stock worth $29,162,000 after purchasing an additional 80,368 shares during the period. Waycross Partners LLC increased its holdings in Carlisle Companies by 35.4% in the 4th quarter. Waycross Partners LLC now owns 54,465 shares of the conglomerate’s stock valued at $17,421,000 after purchasing an additional 14,228 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Carlisle Companies in the 4th quarter valued at $8,582,000. Finally, Marshall Financial Group LLC purchased a new position in Carlisle Companies in the fourth quarter valued at about $730,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird boosted their price objective on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Wednesday, June 24th. Truist Financial reduced their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Oppenheimer upped their price target on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Raymond James Financial started coverage on shares of Carlisle Companies in a research report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $402.14.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $345.03 on Monday. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The company’s fifty day moving average price is $348.34 and its two-hundred day moving average price is $355.69. The firm has a market capitalization of $13.96 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.09 and a beta of 0.85. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm earned $3.61 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. On average, research analysts anticipate that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.