ProShare Advisors LLC Sells 4,599 Shares of Carlisle Companies Incorporated (NYSE:CSL)

ProShare Advisors LLC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,799 shares of the conglomerate's stock after selling 4,599 shares during the period. ProShare Advisors LLC owned about 0.17% of Carlisle Companies worth $27,589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Carlisle Companies during the fourth quarter worth $208,095,000. Wells Fargo & Company MN lifted its position in shares of Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after buying an additional 538,990 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $148,208,000. Inlight Wealth Management LLC acquired a new position in shares of Carlisle Companies during the 4th quarter worth $118,038,000. Finally, TOMS Capital Investment Management LP purchased a new stake in shares of Carlisle Companies in the 4th quarter worth about $54,219,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Down 0.7%

Carlisle Companies stock traded down $2.73 during midday trading on Tuesday, reaching $403.25. The stock had a trading volume of 255,381 shares, compared to its average volume of 393,770. The firm's fifty day simple moving average is $359.34 and its 200-day simple moving average is $380.52. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock has a market capitalization of $17.44 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.72 EPS. As a group, analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $1.00 dividend. The ex-dividend date is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 0.99%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Analysts Set New Price Targets

Several research analysts recently commented on CSL shares. StockNews.com upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday. Truist Financial decreased their target price on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Robert W. Baird lifted their target price on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $454.00.

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.