Carlisle Companies Incorporated Forecasted to Post Q1 2024 Earnings of $2.66 Per Share (NYSE:CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Investment analysts at Zacks Research lifted their Q1 2024 earnings per share estimates for Carlisle Companies in a research note issued to investors on Thursday, April 18th. Zacks Research analyst S. Roy now anticipates that the conglomerate will earn $2.66 per share for the quarter, up from their previous 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.

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

Carlisle Companies Stock Up 0.0 %

Shares of Carlisle Companies stock opened at $367.42 on Friday. The company has a 50-day simple moving average of $368.29 and a two-hundred day simple moving average of $315.84. The stock has a market capitalization of $17.56 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. Carlisle Companies has a 52-week low of $205.10 and a 52-week high of $403.44. 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 (NYSE:CSL) last announced its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.92 earnings per share.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds have recently modified their holdings of the stock. Birch Hill Investment Advisors LLC grew its stake in Carlisle Companies by 50.5% during the fourth 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. bought a new position in shares of Carlisle Companies during the 3rd quarter valued at about $341,000. Exchange Traded Concepts LLC bought a new position in shares of Carlisle Companies during the 4th quarter valued at about $1,093,000. Pacer Advisors Inc. grew its position in shares of Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after purchasing an additional 413,691 shares in the last quarter. Finally, Pathstone Family Office LLC increased its holdings in shares of Carlisle Companies by 63.6% in the third quarter. Pathstone Family Office LLC now owns 3,152 shares of the conglomerate’s stock worth $817,000 after purchasing an additional 1,225 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 700 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $959,422.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP David W. Smith sold 700 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $959,422.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value 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 disclosure for this sale can be found here. Insiders have sold 15,255 shares of company stock valued at $5,231,360 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Announces Dividend

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

About Carlisle Companies

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.