Zacks Research Weighs in on Carlisle Companies Incorporated’s Q2 2024 Earnings (NYSE:CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Investment analysts at Zacks Research upped their Q2 2024 earnings estimates for Carlisle Companies in a report released on Monday, June 17th. Zacks Research analyst S. Roy now forecasts that the conglomerate will post earnings of $5.52 per share for the quarter, up from their prior forecast of $5.51. The consensus estimate for Carlisle Companies’ current full-year earnings is $19.92 per share. Zacks Research also issued estimates for Carlisle Companies’ Q3 2024 earnings at $5.50 EPS, Q4 2024 earnings at $4.74 EPS, FY2024 earnings at $19.48 EPS, Q1 2025 earnings at $3.64 EPS, Q2 2025 earnings at $5.51 EPS, Q3 2025 earnings at $5.28 EPS, Q4 2025 earnings at $4.82 EPS, FY2025 earnings at $19.25 EPS, Q1 2026 earnings at $4.96 EPS and FY2026 earnings at $24.23 EPS.

CSL has been the subject of a number of other reports. The Goldman Sachs Group started coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price for the company. Oppenheimer boosted their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Robert W. Baird boosted their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Loop Capital boosted their target price 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.00.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $415.17 on Tuesday. The company has a market cap of $19.76 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.36 and a beta of 0.91. Carlisle Companies has a 12 month low of $235.79 and a 12 month high of $430.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. The company has a 50-day simple moving average of $401.95 and a 200-day simple moving average of $357.62.

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

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a $0.85 dividend. The ex-dividend date was Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a yield of 0.82%. Carlisle Companies’s dividend payout ratio is presently 19.71%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $397.50, for a total value of $435,262.50. Following the completion of the sale, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at approximately $645,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO D Christian Koch sold 54,927 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the transaction, the chief executive officer now owns 86,652 shares in the company, valued at $36,399,039.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen Aldrich sold 1,095 shares of the 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 completion of 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 sold 58,059 shares of company stock worth $24,334,065 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Carlisle Companies

Hedge funds have recently added to or reduced their stakes in the company. Railway Pension Investments Ltd acquired a new position in Carlisle Companies during the first quarter valued at approximately $1,136,000. Cetera Advisors LLC acquired a new position in Carlisle Companies during the first quarter valued at approximately $811,000. Cetera Investment Advisers grew its holdings in Carlisle Companies by 188.0% during the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock valued at $3,235,000 after purchasing an additional 5,389 shares during the last quarter. Swedbank AB acquired a new position in Carlisle Companies during the first quarter valued at approximately $31,218,000. Finally, Algebris UK Ltd acquired a new position in Carlisle Companies during the first quarter valued at approximately $630,000. Institutional investors and hedge funds 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.