Zacks Research Comments on Carlisle Companies Incorporated’s Q1 2024 Earnings (NYSE:CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Analysts at Zacks Research upped their Q1 2024 earnings per share estimates for Carlisle Companies in a report released on Thursday, April 18th. Zacks Research analyst S. Roy now anticipates that the conglomerate will post earnings of $2.66 per share for the quarter, up from their prior estimate of $2.65. The consensus estimate for Carlisle Companies’ current full-year earnings is $18.72 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.

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

Carlisle Companies Stock Performance

NYSE CSL opened at $367.41 on Friday. The stock’s fifty day moving average is $368.29 and its two-hundred day moving average is $316.29. The firm has a market capitalization of $17.56 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 1.31 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87. Carlisle Companies has a fifty-two week low of $205.10 and a fifty-two week high of $403.44.

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, topping analysts’ consensus estimates of $3.47 by $0.70. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.92 earnings per share.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.85 dividend. The ex-dividend date of this dividend 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 presently 22.31%.

Insider Activity at Carlisle Companies

In related news, insider Lori A. Snyder sold 8,101 shares of the business’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 owns 5,212 shares in the company, valued at approximately $1,770,203.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $30,114,169.56. The sale was disclosed in a document filed 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 dated 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 owns 5,212 shares in the company, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carlisle Companies

Several large investors have recently bought and sold shares of the stock. Birch Hill Investment Advisors LLC boosted its position in shares of Carlisle Companies by 50.5% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock worth $4,491,000 after acquiring an additional 4,820 shares in the last quarter. Banco Santander S.A. acquired a new position in shares of Carlisle Companies during the 3rd quarter worth about $341,000. Exchange Traded Concepts LLC acquired a new position in shares of Carlisle Companies during the 4th quarter worth about $1,093,000. Pacer Advisors Inc. boosted its position 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 in the last quarter. 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. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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.