ProShare Advisors LLC Sells 10,363 Shares of Carlisle Companies Incorporated $CSL

ProShare Advisors LLC lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 11.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,610 shares of the conglomerate’s stock after selling 10,363 shares during the period. ProShare Advisors LLC owned approximately 0.19% of Carlisle Companies worth $27,175,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC purchased a new position in Carlisle Companies in the 2nd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Carlisle Companies during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Carlisle Companies by 527.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Traub Capital Management LLC purchased a new position in shares of Carlisle Companies in the second quarter worth $28,000. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in Carlisle Companies by 69.6% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after buying an additional 32 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Up 3.6%

Shares of Carlisle Companies stock opened at $416.06 on Wednesday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.27 and a beta of 0.94. The company has a 50-day moving average of $344.97 and a 200 day moving average of $346.32. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company earned $4.47 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies’s payout ratio is presently 25.72%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CSL shares. JPMorgan Chase & Co. cut their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Truist Financial dropped their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Oppenheimer reduced their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a report on Wednesday, February 4th. Finally, Vertical Research started coverage on shares of Carlisle Companies in a research note on Monday, October 20th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Hold” and an average target price of $392.50.

Carlisle Companies 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.