ProShare Advisors LLC Has $32.13 Million Holdings in Carlisle Companies Incorporated $CSL

ProShare Advisors LLC grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 21.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,439 shares of the conglomerate’s stock after buying an additional 17,829 shares during the quarter. ProShare Advisors LLC’s holdings in Carlisle Companies were worth $32,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Torren Management LLC acquired a new stake in Carlisle Companies in the fourth quarter valued at approximately $33,000. Osterweis Capital Management Inc. bought a new stake in Carlisle Companies in the second quarter worth approximately $36,000. SBI Securities Co. Ltd. increased its stake in shares of Carlisle Companies by 43.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after purchasing an additional 34 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Carlisle Companies during the 3rd quarter worth $38,000. Finally, LRI Investments LLC bought a new position in shares of Carlisle Companies during the 3rd quarter valued at $41,000. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of recent research reports. Raymond James Financial assumed coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Robert W. Baird raised their target price on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Truist Financial boosted their price target on Carlisle Companies from $340.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Finally, Oppenheimer raised their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Stock Performance

NYSE:CSL opened at $328.53 on Thursday. The firm has a market capitalization of $13.30 billion, a PE ratio of 19.31, a PEG ratio of 1.03 and a beta of 0.88. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The firm’s fifty day simple moving average is $345.50 and its 200 day simple moving average is $347.16.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.61 earnings per share. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.16 EPS for the current year.

Carlisle Companies Announces Dividend

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

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.