Carlisle Companies Incorporated (NYSE:CSL - Free Report) - Research analysts at Zacks Research raised their Q1 2024 earnings per share estimates for Carlisle Companies in a note issued to investors on Thursday, April 18th. Zacks Research analyst S. Roy now expects that the conglomerate will earn $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.
Several other research analysts have also recently issued reports on the company. Loop Capital increased their price objective on Carlisle Companies from $375.00 to $440.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. StockNews.com raised Carlisle Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, February 7th. Oppenheimer lifted their price target on Carlisle Companies from $405.00 to $412.00 and gave the stock an "outperform" rating in a research note on Thursday. The Goldman Sachs Group assumed coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They set a "buy" rating and a $455.00 price target for the company. Finally, Robert W. Baird lifted their price target on Carlisle Companies from $400.00 to $435.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $390.33.
Read Our Latest Stock Report on CSL
Carlisle Companies Price Performance
NYSE:CSL traded up $0.01 during trading hours on Friday, hitting $367.42. The company's stock had a trading volume of 200,255 shares, compared to its average volume of 273,353. The business's 50-day moving average is $368.29 and its two-hundred day moving average is $315.84. The company has a market capitalization of $17.56 billion, a PE ratio of 24.11, a PEG ratio of 1.32 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 52-week low of $205.10 and a 52-week high of $403.44.
Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.70. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. Carlisle Companies's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.92 earnings per share.
Hedge Funds Weigh In On Carlisle Companies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Birch Hill Investment Advisors LLC grew its stake in 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 buying an additional 4,820 shares during the last quarter. Banco Santander S.A. bought a new position in Carlisle Companies during the 3rd quarter worth $341,000. Exchange Traded Concepts LLC bought a new position in Carlisle Companies during the 4th quarter worth $1,093,000. Pacer Advisors Inc. grew its stake in 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 buying an additional 413,691 shares during the last quarter. Finally, Pathstone Family Office LLC grew its stake in 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 buying an additional 1,225 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Carlisle Companies
In other news, insider Lori A. Snyder sold 8,101 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares in the company, valued at approximately $1,770,203.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP David W. Smith sold 700 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now directly owns 2,834 shares of the company's stock, valued at approximately $959,422.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori A. Snyder sold 8,101 shares of the business's stock in a transaction that occurred 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 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 quarter, insiders sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is currently owned by company insiders.
Carlisle Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies's payout ratio is currently 22.31%.
About Carlisle Companies
(
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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.
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