Zacks Research Brokers Decrease Earnings Estimates for CSL

Carlisle Companies Incorporated (NYSE:CSL) – Stock analysts at Zacks Research dropped their FY2024 earnings per share estimates for shares of Carlisle Companies in a research note issued on Thursday, November 14th. Zacks Research analyst S. Roy now forecasts that the conglomerate will post earnings of $20.34 per share for the year, down from their previous estimate of $20.56. The consensus estimate for Carlisle Companies’ current full-year earnings is $20.25 per share. Zacks Research also issued estimates for Carlisle Companies’ Q1 2025 earnings at $4.04 EPS, Q2 2025 earnings at $6.49 EPS, FY2025 earnings at $21.77 EPS, Q2 2026 earnings at $6.95 EPS and Q3 2026 earnings at $6.51 EPS.

A number of other brokerages also recently weighed in on CSL. Robert W. Baird dropped their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Truist Financial began coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. Finally, Oppenheimer lifted their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target of $472.00.

Carlisle Companies Stock Down 0.9 %

Shares of NYSE CSL opened at $434.97 on Monday. The company’s 50 day moving average price is $444.10 and its 200-day moving average price is $423.33. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies has a 52-week low of $269.58 and a 52-week high of $481.26. The company has a market capitalization of $19.72 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.47 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.68 earnings per share.

Institutional Trading of Carlisle Companies

Hedge funds have recently bought and sold shares of the business. TD Asset Management Inc lifted its stake in shares of Carlisle Companies by 2,073.5% in the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after buying an additional 268,685 shares in the last quarter. FMR LLC lifted its position in Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after acquiring an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Carlisle Companies by 6,405.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock valued at $80,757,000 after purchasing an additional 176,799 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in Carlisle Companies during the 2nd quarter worth approximately $65,041,000. Finally, Holocene Advisors LP raised its stake in shares of Carlisle Companies by 151.3% in the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock worth $79,594,000 after purchasing an additional 106,539 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.92%. Carlisle Companies’s payout ratio is currently 14.15%.

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.