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

ProShare Advisors LLC reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 11.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,610 shares of the conglomerate’s stock after selling 10,363 shares during the quarter. ProShare Advisors LLC’s holdings in Carlisle Companies were worth $27,175,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CSL. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Carlisle Companies by 69.6% during the second 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. Blue Trust Inc. lifted its position in Carlisle Companies by 4.9% in the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock valued at $223,000 after acquiring an additional 32 shares in the last quarter. DNB Asset Management AS boosted its stake in Carlisle Companies by 0.3% during the 2nd quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock valued at $4,576,000 after purchasing an additional 33 shares during the last quarter. MAI Capital Management boosted its stake in Carlisle Companies by 26.6% during the 2nd quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock valued at $59,000 after purchasing an additional 33 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Carlisle Companies by 43.0% in 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 in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 3.6%

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’s 50 day moving average price is $344.97 and its 200-day moving average price is $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. The stock has a market cap of $17.39 billion, a P/E ratio of 24.32, a PEG ratio of 1.27 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.30. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. Carlisle Companies’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company posted $4.47 earnings per share. On average, equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSL. Oppenheimer lowered their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. 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 research note on Thursday, October 30th. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a report on Wednesday, February 4th. William Blair initiated coverage on shares of Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating for the company. Finally, Vertical Research assumed coverage on shares of Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $392.50.

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.