Carlisle Companies Incorporated $CSL Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 1.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 94,903 shares of the conglomerate’s stock after purchasing an additional 1,543 shares during the period. Principal Financial Group Inc. owned about 0.23% of Carlisle Companies worth $31,662,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CSL. BOK Financial Private Wealth Inc. acquired a new position in shares of Carlisle Companies in the fourth quarter worth $27,000. Osterweis Capital Management Inc. purchased a new stake in shares of Carlisle Companies in the second quarter valued at $36,000. Torren Management LLC acquired a new stake in shares of Carlisle Companies during the fourth quarter valued at $33,000. Quarry LP acquired a new stake in shares of Carlisle Companies during the fourth quarter valued at $36,000. Finally, Rothschild Investment LLC increased its position in Carlisle Companies by 3,866.7% during the 4th quarter. Rothschild Investment LLC now owns 119 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $345.03 on Monday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38. The firm has a 50 day moving average price of $348.34 and a 200 day moving average price of $355.69. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.09 and a beta of 0.85.

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

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CSL. Oppenheimer boosted their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Wednesday, June 24th. Raymond James Financial started coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price target for the company. Robert W. Baird raised their price objective on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Truist Financial lowered their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $402.14.

Carlisle Companies Company 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.