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

Allspring Global Investments Holdings LLC cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,099,694 shares of the conglomerate's stock after selling 1,571 shares during the quarter. Carlisle Companies comprises 0.6% of Allspring Global Investments Holdings LLC's investment portfolio, making the stock its 22nd biggest holding. Allspring Global Investments Holdings LLC owned approximately 2.43% of Carlisle Companies worth $402,886,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CSL. FMR LLC boosted its position in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock valued at $429,641,000 after purchasing an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Carlisle Companies by 6,405.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock valued at $80,757,000 after purchasing an additional 176,799 shares in the last quarter. Holocene Advisors LP boosted its position in shares of Carlisle Companies by 151.3% during the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock valued at $79,594,000 after purchasing an additional 106,539 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Carlisle Companies by 13.3% during the third 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 in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Carlisle Companies by 846.9% during the third quarter. Assenagon Asset Management S.A. now owns 62,599 shares of the conglomerate's stock valued at $28,154,000 after purchasing an additional 55,988 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the sale, the director now owns 2,665 shares of the company's stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David W. Smith sold 275 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares of the company's stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,475 shares of company stock worth $541,219. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Down 0.8 %

Shares of CSL stock traded down $2.78 during mid-day trading on Friday, hitting $357.83. The company's stock had a trading volume of 582,191 shares, compared to its average volume of 389,157. Carlisle Companies Incorporated has a 52-week low of $339.10 and a 52-week high of $481.26. The business has a 50-day moving average price of $383.46 and a 200 day moving average price of $414.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.04 and a beta of 0.96.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period in the previous year, the company earned $4.17 earnings per share. Research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company 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. This represents a $4.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.48%.

Analyst Upgrades and Downgrades

Several research firms have commented on CSL. Loop Capital dropped their target price on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Oppenheimer reissued an "outperform" rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Robert W. Baird dropped their target price on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Truist Financial began coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price on the stock. Finally, The Goldman Sachs Group dropped their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Carlisle Companies has an average rating of "Moderate Buy" and an average target price of $476.00.

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.