Carlisle Companies Incorporated $CSL Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 21.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 100,439 shares of the conglomerate’s stock after acquiring an additional 17,829 shares during the quarter. ProShare Advisors LLC owned approximately 0.24% of Carlisle Companies worth $32,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CSL. Goldman Sachs Group Inc. lifted its holdings in shares of Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after purchasing an additional 28,414 shares during the last quarter. Baird Financial Group Inc. increased its stake in Carlisle Companies by 8.4% in the 2nd quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after purchasing an additional 197 shares in the last quarter. Jump Financial LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth about $1,345,000. Bank of Nova Scotia raised its holdings in Carlisle Companies by 118.6% during the 2nd quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock worth $615,000 after buying an additional 893 shares during the period. Finally, Sei Investments Co. lifted its stake in Carlisle Companies by 40.0% during the second quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock valued at $43,088,000 after buying an additional 32,996 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Trading Up 0.9%

NYSE:CSL opened at $328.53 on Thursday. The stock has a market cap of $13.30 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.03 and a beta of 0.88. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The stock’s 50-day moving average is $345.50 and its two-hundred day moving average is $347.16.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm earned $3.61 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 21.16 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Wall Street Analyst Weigh In

CSL has been the subject of several recent analyst reports. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Oppenheimer raised their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Finally, Truist Financial boosted their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $405.00.

About Carlisle Companies

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.