Principal Financial Group Inc. Decreases Position in Carlisle Companies Incorporated (NYSE:CSL)

Principal Financial Group Inc. cut its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 31.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,335 shares of the conglomerate's stock after selling 51,285 shares during the quarter. Principal Financial Group Inc. owned 0.24% of Carlisle Companies worth $49,623,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CSL. ORG Partners LLC bought a new position in Carlisle Companies during the 2nd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies during the second quarter valued at about $32,000. ORG Wealth Partners LLC purchased a new position in Carlisle Companies during the third quarter worth about $32,000. Gilliland Jeter Wealth Management LLC bought a new stake in Carlisle Companies in the 2nd quarter worth about $39,000. Finally, UMB Bank n.a. increased its stake in Carlisle Companies by 317.2% in the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock valued at $54,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CSL. Oppenheimer boosted their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. StockNews.com lowered Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird lowered their target price on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $475.00.

Carlisle Companies Trading Up 1.0 %

CSL stock traded up $4.34 during trading on Monday, reaching $455.20. The company had a trading volume of 260,965 shares, compared to its average volume of 325,982. The business has a 50 day moving average of $438.59 and a 200 day moving average of $421.12. 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 cap of $20.63 billion, a P/E ratio of 16.11, a PEG ratio of 1.48 and a beta of 0.91. Carlisle Companies Incorporated has a 52 week low of $267.40 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS 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%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.68 EPS. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 20.36 earnings per share 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. Investors of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies's payout ratio is currently 14.15%.

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.