Q2 2024 Earnings Estimate for Carlisle Companies Incorporated Issued By Zacks Research (NYSE:CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Analysts at Zacks Research raised their Q2 2024 earnings estimates for Carlisle Companies in a research note issued to investors on Friday, July 19th. Zacks Research analyst S. Roy now expects that the conglomerate will earn $5.53 per share for the quarter, up from their prior estimate of $5.52. The consensus estimate for Carlisle Companies’ current full-year earnings is $20.02 per share. Zacks Research also issued estimates for Carlisle Companies’ Q3 2024 earnings at $5.51 EPS, FY2024 earnings at $19.50 EPS, Q1 2025 earnings at $3.65 EPS, Q2 2025 earnings at $5.52 EPS, Q3 2025 earnings at $5.29 EPS, FY2025 earnings at $19.28 EPS, Q1 2026 earnings at $4.97 EPS, Q2 2026 earnings at $6.57 EPS and FY2026 earnings at $24.30 EPS.

Carlisle Companies (NYSE:CSL) last posted 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 return on equity of 30.41% and a net margin of 17.13%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million.

Other equities analysts have also issued reports about the stock. Loop Capital lifted their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Oppenheimer lifted 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 increased their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, The Goldman Sachs Group assumed coverage on Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average target price of $423.00.

Carlisle Companies Trading Up 0.5 %

NYSE:CSL opened at $429.45 on Monday. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $416.77 and its 200-day simple moving average is $379.31. Carlisle Companies has a 12-month low of $235.79 and a 12-month high of $443.87. The firm has a market cap of $20.44 billion, a P/E ratio of 24.90, a PEG ratio of 1.39 and a beta of 0.90.

Institutional Trading of Carlisle Companies

Several institutional investors and hedge funds have recently modified their holdings of CSL. Tevis Investment Management purchased a new position in Carlisle Companies during the second quarter worth $367,000. Fifth Third Wealth Advisors LLC increased its position in Carlisle Companies by 260.8% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,143 shares of the conglomerate’s stock worth $868,000 after purchasing an additional 1,549 shares in the last quarter. Fifth Third Bancorp raised its stake in Carlisle Companies by 23.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,549 shares of the conglomerate’s stock valued at $628,000 after purchasing an additional 293 shares during the last quarter. Ninety One North America Inc. lifted its holdings in Carlisle Companies by 13.3% in the 2nd quarter. Ninety One North America Inc. now owns 25,262 shares of the conglomerate’s stock valued at $10,236,000 after purchasing an additional 2,960 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Carlisle Companies by 52.5% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,299 shares of the conglomerate’s stock worth $526,000 after purchasing an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In other news, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the sale, the chief accounting officer now directly owns 1,624 shares in the company, valued at approximately $645,540. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP David W. Smith sold 2,037 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $405.58, for a total value of $826,166.46. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,149,413.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen Aldrich sold 1,095 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the transaction, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at $645,540. The disclosure for this sale can be found here. Insiders sold 58,059 shares of company stock worth $24,334,065 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a $0.85 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.79%. Carlisle Companies’s dividend payout ratio is presently 19.71%.

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.