Principal Financial Group Inc. Acquires 2,150 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Posted by Defense World Staff on Aug 19th, 2023

Principal Financial Group Inc. raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,320 shares of the conglomerate’s stock after acquiring an additional 2,150 shares during the period. Principal Financial Group Inc. owned about 0.40% of Carlisle Companies worth $46,643,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CSL. Moneta Group Investment Advisors LLC grew its holdings in shares of Carlisle Companies by 106,294.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,064,044 shares of the conglomerate’s stock worth $486,392,000 after purchasing an additional 2,062,104 shares during the last quarter. Morgan Stanley grew its holdings in shares of Carlisle Companies by 323.0% in the fourth quarter. Morgan Stanley now owns 2,200,538 shares of the conglomerate’s stock worth $518,557,000 after purchasing an additional 1,680,274 shares during the last quarter. Norges Bank bought a new position in shares of Carlisle Companies in the fourth quarter worth approximately $239,527,000. CI Private Wealth LLC bought a new position in shares of Carlisle Companies in the fourth quarter worth approximately $132,599,000. Finally, Robeco Schweiz AG bought a new position in shares of Carlisle Companies in the first quarter worth approximately $91,112,000. Institutional investors own 87.45% of the company’s stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $266.59 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.00 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $13.31 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.94 and a beta of 0.95. The business has a fifty day simple moving average of $263.33 and a two-hundred day simple moving average of $241.10. Carlisle Companies Incorporated has a 12 month low of $203.65 and a 12 month high of $315.46.

Carlisle Companies (NYSE:CSL – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The conglomerate reported $5.18 EPS for the quarter, beating the consensus estimate of $4.73 by $0.45. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.58 billion. Carlisle Companies had a return on equity of 29.71% and a net margin of 12.18%. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $6.15 earnings per share. On average, equities analysts forecast that Carlisle Companies Incorporated will post 17.61 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.40 annualized dividend and a yield of 1.28%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.75. Carlisle Companies’s dividend payout ratio (DPR) is currently 24.44%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Robert W. Baird raised their target price on shares of Carlisle Companies from $310.00 to $320.00 in a report on Thursday, July 27th. Loop Capital dropped their price target on Carlisle Companies from $300.00 to $285.00 in a research note on Friday, April 28th. StockNews.com assumed coverage on Carlisle Companies in a research note on Thursday. They issued a “hold” rating for the company. BMO Capital Markets dropped their price target on Carlisle Companies from $335.00 to $310.00 in a research note on Monday, May 1st. Finally, Zelman & Associates lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Moderate Buy” and an average price target of $313.33.

Check Out Our Latest Report on Carlisle Companies

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, insider Lori A. Snyder sold 300 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $277.37, for a total transaction of $83,211.00. Following the completion of the transaction, the insider now owns 548 shares of the company’s stock, valued at $151,998.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Carlisle Companies Profile

(Free Report)

Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.