Q1 2024 EPS Estimates for Carlisle Companies Incorporated (NYSE:CSL) Lifted by Zacks Research

Carlisle Companies Incorporated (NYSE:CSL) – Zacks Research increased their Q1 2024 earnings estimates for shares of Carlisle Companies in a note issued to investors on Thursday, April 18th. Zacks Research analyst S. Roy now anticipates that the conglomerate will post earnings per share of $2.66 for the quarter, up from their previous estimate 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 posted its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, beating the consensus estimate of $3.47 by $0.70. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. During the same period in the previous year, the firm posted $3.92 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year.

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

Carlisle Companies Stock Up 0.0 %

CSL stock opened at $367.42 on Friday. The business has a 50-day moving average of $368.29 and a 200-day moving average of $315.84. Carlisle Companies has a fifty-two week low of $205.10 and a fifty-two week high of $403.44. The stock has a market capitalization of $17.56 billion, a P/E ratio of 24.11, a P/E/G ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57.

Carlisle Companies Dividend Announcement

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Carlisle Companies

A number of hedge funds have recently bought and sold shares of the business. Birch Hill Investment Advisors LLC raised its holdings in Carlisle Companies by 50.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock valued at $4,491,000 after acquiring an additional 4,820 shares in the last quarter. Banco Santander S.A. acquired a new stake in Carlisle Companies during the third quarter worth about $341,000. Exchange Traded Concepts LLC acquired a new position in shares of Carlisle Companies in the 4th quarter valued at approximately $1,093,000. Pacer Advisors Inc. lifted its holdings in shares of Carlisle Companies by 5,351.1% during the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after acquiring an additional 413,691 shares during the period. Finally, Pathstone Family Office LLC boosted its position in shares of Carlisle Companies by 63.6% during the 3rd quarter. Pathstone Family Office LLC now owns 3,152 shares of the conglomerate’s stock worth $817,000 after acquiring an additional 1,225 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

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.