Carlisle Companies Incorporated (NYSE:CSL) Expected to Post Q2 2024 Earnings of $5.53 Per Share

Carlisle Companies Incorporated (NYSE:CSL - Free Report) - Stock analysts at Zacks Research raised their Q2 2024 earnings estimates for shares of Carlisle Companies in a research report issued to clients and investors on Friday, July 19th. Zacks Research analyst S. Roy now forecasts that the conglomerate will post earnings of $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.

A number of other brokerages also recently issued reports on CSL. The Goldman Sachs Group assumed 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. Oppenheimer boosted their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $465.00 to $500.00 and gave the company an "outperform" rating in a research report on Monday, July 15th. Finally, Loop Capital upped their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a "buy" rating in a report on Monday, April 1st. One 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $423.00.

Carlisle Companies Stock Performance

NYSE:CSL traded up $10.37 during trading hours on Monday, reaching $427.37. The company had a trading volume of 388,395 shares, compared to its average volume of 316,252. Carlisle Companies has a 52 week low of $235.79 and a 52 week high of $443.87. The firm's 50 day moving average price is $416.56 and its 200-day moving average price is $378.44. 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 firm has a market cap of $20.34 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.39 and a beta of 0.90.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its 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. 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.

Institutional Trading of Carlisle Companies

Several hedge funds have recently made changes to their positions in CSL. Fifth Third Bancorp raised its position in Carlisle Companies by 23.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,549 shares of the conglomerate's stock worth $628,000 after purchasing an additional 293 shares during the period. Ninety One North America Inc. raised its position 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 worth $10,236,000 after purchasing an additional 2,960 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of Carlisle Companies by 52.5% during the second quarter. First Citizens Bank & Trust Co. now owns 1,299 shares of the conglomerate's stock valued at $526,000 after purchasing an additional 447 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Carlisle Companies by 15.2% during the second quarter. Raymond James & Associates now owns 24,868 shares of the conglomerate's stock valued at $10,077,000 after purchasing an additional 3,272 shares in the last quarter. Finally, Gladius Capital Management LP bought a new position in shares of Carlisle Companies during the second quarter valued at approximately $116,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 54,927 shares of the business's stock in a transaction on Monday, May 20th. The shares were sold at an average price of $420.06, for a total value of $23,072,635.62. Following the sale, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Carlisle Companies news, CEO D Christian Koch sold 54,927 shares of the business's stock in a transaction on Monday, May 20th. The shares were sold at an average price of $420.06, for a total value of $23,072,635.62. Following the sale, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $435,262.50. Following the sale, the chief accounting officer now owns 1,624 shares in the company, valued at $645,540. The disclosure for this sale can be found here. Insiders have sold a total of 58,059 shares of company stock worth $24,334,065 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, May 17th. Carlisle Companies's payout ratio is currently 19.71%.

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.