Carlisle Companies Incorporated (NYSE:CSL) to Issue Quarterly Dividend of $0.75

Carlisle Companies Incorporated (NYSE:CSLGet Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Investors of record on Thursday, August 18th will be given a dividend of 0.75 per share by the conglomerate on Thursday, September 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 17th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.54.

Carlisle Companies has a payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Carlisle Companies to earn $21.73 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 9.9%.

Carlisle Companies Price Performance

CSL stock traded up $11.56 during trading on Friday, reaching $300.61. 570,096 shares of the company were exchanged, compared to its average volume of 421,423. Carlisle Companies has a 52-week low of $195.04 and a 52-week high of $301.01. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.39 and a current ratio of 2.01. The stock’s 50 day moving average price is $257.38 and its 200 day moving average price is $246.08. The company has a market cap of $15.55 billion, a P/E ratio of 20.77, a PEG ratio of 0.84 and a beta of 1.06.

Carlisle Companies (NYSE:CSLGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The conglomerate reported $6.15 earnings per share for the quarter, beating the consensus estimate of $4.99 by $1.16. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.69 billion. Carlisle Companies had a net margin of 12.68% and a return on equity of 32.22%. The business’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 EPS. As a group, analysts predict that Carlisle Companies will post 20.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CSL. Credit Suisse Group boosted their target price on Carlisle Companies from $275.00 to $300.00 in a research report on Monday, May 9th. Loop Capital upped their price objective on Carlisle Companies from $285.00 to $305.00 in a report on Friday, April 8th. Oppenheimer raised their price objective on Carlisle Companies from $300.00 to $315.00 in a research note on Friday, April 29th. Finally, Robert W. Baird upped their price target on shares of Carlisle Companies from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, June 23rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and a consensus target price of $307.00.

Hedge Funds Weigh In On Carlisle Companies

Several institutional investors have recently made changes to their positions in CSL. Citigroup Inc. increased its position in shares of Carlisle Companies by 48.1% in the first quarter. Citigroup Inc. now owns 20,327 shares of the conglomerate’s stock valued at $4,998,000 after buying an additional 6,603 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Carlisle Companies by 0.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 29,831 shares of the conglomerate’s stock valued at $7,549,000 after acquiring an additional 176 shares during the last quarter. Raymond James Trust N.A. grew its stake in Carlisle Companies by 3.5% during the 1st quarter. Raymond James Trust N.A. now owns 2,160 shares of the conglomerate’s stock worth $531,000 after buying an additional 73 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of Carlisle Companies by 7.9% in the 1st quarter. Synovus Financial Corp now owns 4,958 shares of the conglomerate’s stock valued at $1,206,000 after buying an additional 363 shares during the period. Finally, Sei Investments Co. boosted its holdings in Carlisle Companies by 23.6% in the first quarter. Sei Investments Co. now owns 53,110 shares of the conglomerate’s stock valued at $13,028,000 after acquiring an additional 10,150 shares during the last quarter. Hedge funds and other institutional investors own 89.68% of the company’s stock.

About Carlisle Companies

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Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

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Dividend History for Carlisle Companies (NYSE:CSL)

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