ProShare Advisors LLC lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 12.1% during the third quarter, HoldingsChannel reports. The firm owned 84,282 shares of the conglomerate’s stock after purchasing an additional 9,067 shares during the quarter. ProShare Advisors LLC’s holdings in Carlisle Companies were worth $27,153,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Carlisle Companies during the 2nd quarter valued at $1,499,602,000. Bank of New York Mellon Corp acquired a new position in Carlisle Companies in the 2nd quarter worth $405,245,000. Bessemer Group Inc. lifted its holdings in Carlisle Companies by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate’s stock worth $207,078,000 after buying an additional 17,847 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Carlisle Companies by 22.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate’s stock worth $190,508,000 after buying an additional 97,326 shares in the last quarter. Finally, Madison Asset Management LLC purchased a new position in Carlisle Companies in the 2nd quarter valued at about $152,865,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CSL. Robert W. Baird set a $410.00 target price on Carlisle Companies in a research note on Thursday. DA Davidson set a $355.00 target price on Carlisle Companies in a research report on Friday, October 9th. Weiss Ratings upgraded Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Finally, Truist Financial reduced their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $395.83.
Read Our Latest Stock Analysis on CSL
Carlisle Companies Stock Down 0.3%
CSL stock opened at $375.21 on Monday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $432.91. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $14.50 billion, a P/E ratio of 21.21, a PEG ratio of 1.19 and a beta of 0.78. The firm has a 50 day simple moving average of $337.02 and a 200-day simple moving average of $352.53.
Carlisle Companies (NYSE:CSL – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $5.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.89 by $0.03. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. Carlisle Companies had a net margin of 13.78% and a return on equity of 51.25%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.61 earnings per share. On average, equities research analysts predict that Carlisle Companies Incorporated will post 21.14 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 Tuesday, December 1st. Shareholders of record on Wednesday, November 18th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, November 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 28.26%.
Carlisle Companies Company Profile
Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.
Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.
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