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

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

CSL has been the topic of several other reports. Loop Capital upped their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. The Goldman Sachs Group began coverage on 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 increased their price target on Carlisle Companies from $405.00 to $412.00 and gave the stock an “outperform” rating in a research report on Thursday. Robert W. Baird increased their price objective on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Carlisle Companies Trading Down 0.4 %

CSL stock opened at $367.53 on Friday. Carlisle Companies has a 1-year low of $205.10 and a 1-year high of $403.44. The firm has a market cap 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 business’s 50 day moving average is $367.86 and its 200-day moving average is $315.04. 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 Trading of Carlisle Companies

Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Carlisle Companies by 0.8% in the first quarter. BlackRock Inc. now owns 5,115,413 shares of the conglomerate’s stock valued at $1,156,441,000 after acquiring an additional 40,344 shares during the last quarter. Morgan Stanley increased its position in shares of Carlisle Companies by 3.6% in the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after acquiring an additional 90,597 shares during the last quarter. State Street Corp increased its position in shares of Carlisle Companies by 9.1% in the first quarter. State Street Corp now owns 2,351,573 shares of the conglomerate’s stock valued at $531,620,000 after acquiring an additional 196,859 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Carlisle Companies by 106,294.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,064,044 shares of the conglomerate’s stock valued at $486,392,000 after acquiring an additional 2,062,104 shares during the last quarter. Finally, Norges Bank acquired a new position in Carlisle Companies during the fourth quarter worth approximately $239,527,000. 89.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO D Christian Koch sold 6,454 shares of the firm’s 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 owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO D Christian Koch sold 6,454 shares of the firm’s 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 owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the sale, the insider now directly owns 5,212 shares in the company, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. Insiders have sold a total of 15,255 shares of company stock valued at $5,231,360 in the last 90 days. 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. Stockholders of record on Friday, February 16th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) 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.