Carlisle Companies (NYSE:CSL) Issues Earnings Results

Carlisle Companies (NYSE:CSL) issued its quarterly earnings data on Thursday. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.77 by $0.01, Briefing.com reports. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 earnings per share. Carlisle Companies updated its FY 2024 guidance to EPS.

Carlisle Companies Stock Performance

NYSE:CSL traded down $41.42 during mid-day trading on Friday, reaching $417.20. 754,641 shares of the company’s stock were exchanged, compared to its average volume of 326,631. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The firm has a market capitalization of $19.86 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Carlisle Companies has a one year low of $236.42 and a one year high of $481.26. The business’s fifty day simple moving average is $434.55 and its two-hundred day simple moving average is $416.05.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CSL shares. Oppenheimer upped their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird cut their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $475.00.

Insider Buying and Selling

In related news, VP David W. Smith sold 600 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

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.