Carlisle Companies Incorporated $CSL Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 20.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 92,973 shares of the conglomerate’s stock after buying an additional 15,466 shares during the period. ProShare Advisors LLC owned 0.22% of Carlisle Companies worth $34,716,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Carlisle Companies by 11.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,279,031 shares of the conglomerate’s stock valued at $499,052,000 after purchasing an additional 130,235 shares during the period. Bessemer Group Inc. grew its position in Carlisle Companies by 26.7% in the 2nd quarter. Bessemer Group Inc. now owns 639,508 shares of the conglomerate’s stock valued at $238,791,000 after buying an additional 134,718 shares during the last quarter. Madison Asset Management LLC increased its stake in Carlisle Companies by 28.2% in the 1st quarter. Madison Asset Management LLC now owns 515,134 shares of the conglomerate’s stock valued at $175,403,000 after buying an additional 113,312 shares during the period. Dimensional Fund Advisors LP increased its stake in Carlisle Companies by 11.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 499,341 shares of the conglomerate’s stock valued at $170,017,000 after buying an additional 50,578 shares during the period. Finally, Northern Trust Corp raised its position in Carlisle Companies by 1.4% during the 1st quarter. Northern Trust Corp now owns 495,556 shares of the conglomerate’s stock worth $168,737,000 after buying an additional 6,948 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CSL. Truist Financial lowered their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Loop Capital downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $430.00 to $395.00 in a research report on Thursday, July 31st. Zacks Research cut Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. cut their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group reduced their price target on Carlisle Companies from $444.00 to $385.00 and set a “buy” rating for the company in a report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies has an average rating of “Hold” and a consensus target price of $386.67.

Carlisle Companies Stock Performance

NYSE:CSL opened at $318.69 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $13.32 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. The firm has a 50-day moving average price of $338.61 and a two-hundred day moving average price of $370.05. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $472.66.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.14. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.78 EPS. Carlisle Companies has set its FY 2025 guidance at EPS. As a group, research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Carlisle Companies’s payout ratio is 24.96%.

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.