Zacks Research Equities Analysts Increase Earnings Estimates for Carlisle Companies Incorporated (NYSE:CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Equities research analysts at Zacks Research increased their Q1 2024 EPS estimates for Carlisle Companies in a report released on Thursday, April 18th. Zacks Research analyst S. Roy now expects that the conglomerate will post earnings of $2.66 per share for the quarter, up from their prior forecast of $2.65. The consensus estimate for Carlisle Companies’ current full-year earnings is $18.70 per share. Zacks Research also issued estimates for Carlisle Companies’ Q2 2024 earnings at $5.48 EPS, Q3 2024 earnings at $5.43 EPS, Q4 2024 earnings at $4.66 EPS, FY2024 earnings at $18.23 EPS, Q1 2025 earnings at $3.31 EPS, Q2 2025 earnings at $5.47 EPS, Q3 2025 earnings at $5.28 EPS, Q4 2025 earnings at $4.67 EPS, FY2025 earnings at $18.73 EPS, Q1 2026 earnings at $4.63 EPS and FY2026 earnings at $23.78 EPS.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.92 earnings per share.

A number of other analysts have also weighed in on the stock. Robert W. Baird upped their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective on the stock. Loop Capital increased their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Oppenheimer increased their price target on shares of Carlisle Companies from $405.00 to $412.00 and gave the stock an “outperform” rating in a report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Carlisle Companies Stock Down 0.4 %

Shares of CSL opened at $367.53 on Friday. Carlisle Companies has a 12-month low of $205.10 and a 12-month high of $403.44. The firm has a fifty day moving average price of $367.86 and a 200-day moving average price of $315.04. The firm has a market capitalization of $17.57 billion, a P/E ratio of 24.12, a P/E/G ratio of 1.32 and a beta of 0.93. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP raised its holdings in shares of Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 40 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in Carlisle Companies in the 4th quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in Carlisle Companies in the 4th quarter valued at about $31,000. Principal Securities Inc. purchased a new stake in Carlisle Companies in the 4th quarter valued at about $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Carlisle Companies in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In related news, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the sale, the insider now owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,255 shares of company stock valued at $5,231,360. 1.50% of the stock is owned by company insiders.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.85 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.40 dividend on an annualized basis and a yield of 0.93%. Carlisle Companies’s dividend payout ratio is currently 22.31%.

Carlisle Companies Company 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.