Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 31.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,335 shares of the conglomerate's stock after selling 51,285 shares during the period. Principal Financial Group Inc. owned about 0.24% of Carlisle Companies worth $49,623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Driehaus Capital Management LLC boosted its stake in shares of Carlisle Companies by 44.6% in the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate's stock valued at $22,971,000 after purchasing an additional 17,472 shares during the period. KBC Group NV boosted its position in Carlisle Companies by 34.9% in the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate's stock valued at $4,788,000 after buying an additional 2,752 shares during the period. Quest Partners LLC grew its stake in shares of Carlisle Companies by 624.8% in the third quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate's stock worth $2,090,000 after acquiring an additional 4,005 shares in the last quarter. Geode Capital Management LLC increased 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 worth $391,827,000 after acquiring an additional 102,436 shares during the period. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Carlisle Companies in the third quarter valued at $631,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL traded down $1.73 during midday trading on Monday, reaching $376.54. 324,775 shares of the stock were exchanged, compared to its average volume of 328,837. Carlisle Companies Incorporated has a twelve month low of $297.25 and a twelve month high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The company has a market capitalization of $17.07 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.41 and a beta of 0.92. The business's 50-day moving average price is $440.00 and its 200 day moving average price is $425.78.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.68 EPS. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 1.06%. Carlisle Companies's dividend payout ratio is presently 14.15%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com downgraded Carlisle Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Truist Financial began coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price on the stock. Robert W. Baird lowered their price target 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. Finally, Oppenheimer restated an "outperform" rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Carlisle Companies currently has an average rating of "Moderate Buy" and an average target price of $470.00.

Insider Activity

In other news, VP David W. Smith sold 275 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now owns 2,834 shares of the company's stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company's stock.

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.