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

Carlisle Companies Incorporated (NYSE:CSL - Free Report) - Zacks Research upped their Q2 2024 EPS estimates for Carlisle Companies in a report released on Thursday, May 16th. Zacks Research analyst S. Roy now forecasts that the conglomerate will earn $5.50 per share for the quarter, up from their prior forecast of $5.48. The consensus estimate for Carlisle Companies' current full-year earnings is $19.51 per share. Zacks Research also issued estimates for Carlisle Companies' Q3 2024 earnings at $5.48 EPS, Q4 2024 earnings at $4.72 EPS, Q1 2025 earnings at $3.59 EPS, Q4 2025 earnings at $4.78 EPS, FY2025 earnings at $19.03 EPS, Q1 2026 earnings at $4.85 EPS and FY2026 earnings at $23.81 EPS.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group started coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a "buy" rating and a $455.00 price objective for the company. StockNews.com upgraded Carlisle Companies from a "hold" rating to a "buy" rating in a report on Wednesday, February 7th. Robert W. Baird increased their price target on Carlisle Companies from $435.00 to $465.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Oppenheimer lifted their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Finally, Loop Capital increased their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a "buy" rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $416.00.

Carlisle Companies Price Performance

Carlisle Companies stock traded up $3.20 during midday trading on Friday, reaching $418.25. 283,422 shares of the stock traded hands, compared to its average volume of 288,248. The company has a quick ratio of 2.61, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. Carlisle Companies has a 12 month low of $207.91 and a 12 month high of $426.67. The stock's fifty day moving average is $387.17 and its 200-day moving average is $335.12. The stock has a market cap of $19.91 billion, a P/E ratio of 24.00, a PEG ratio of 1.44 and a beta of 0.90.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, May 17th. Carlisle Companies's payout ratio is currently 19.71%.

Insider Activity

In other news, VP David W. Smith sold 2,037 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $405.58, for a total transaction of $826,166.46. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,149,413.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP David W. Smith sold 2,037 shares of the business's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $405.58, for a total transaction of $826,166.46. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,149,413.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total value of $435,262.50. Following the transaction, the chief accounting officer now owns 1,624 shares in the company, valued at approximately $645,540. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Institutional Trading of Carlisle Companies

Several hedge funds have recently made changes to their positions in CSL. Birch Hill Investment Advisors LLC grew its position in Carlisle Companies by 50.5% in the fourth 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 during the period. Mawer Investment Management Ltd. purchased a new position in shares of Carlisle Companies during the 4th quarter worth $3,174,000. Banco Santander S.A. acquired a new stake in shares of Carlisle Companies during the 3rd quarter worth about $341,000. Exchange Traded Concepts LLC acquired a new stake in shares of Carlisle Companies during the 4th quarter worth about $1,093,000. Finally, Pacer Advisors Inc. raised its holdings in Carlisle Companies by 5,351.1% in the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate's stock valued at $131,665,000 after buying an additional 413,691 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

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.