Carlisle Companies Incorporated (NYSE:CSL) Announces Quarterly Dividend of $1.25

Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Thursday, August 6th. Investors of record on Wednesday, August 19th will be given a dividend of 1.25 per share by the conglomerate on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a 13.6% increase from Carlisle Companies’s previous quarterly dividend of $1.10.

Carlisle Companies has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 48 years. Carlisle Companies has a payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Carlisle Companies to earn $24.30 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 18.1%.

Carlisle Companies Stock Up 1.1%

Shares of CSL stock traded up $4.12 on Friday, hitting $386.95. The stock had a trading volume of 111,931 shares, compared to its average volume of 454,042. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $432.91. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.21 and a beta of 0.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The stock’s 50 day moving average is $351.76 and its 200-day moving average is $356.65.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $6.27 EPS. Carlisle Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, research analysts expect that Carlisle Companies will post 21.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Carlisle Companies during the second quarter worth $1,499,602,000. Deutsche Bank AG acquired a new position in Carlisle Companies during the 2nd quarter worth approximately $51,377,000. Perigon Wealth Management LLC purchased a new stake in shares of Carlisle Companies in the second quarter worth approximately $208,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Carlisle Companies during the 2nd quarter valued at $17,376,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Carlisle Companies in the second quarter valued at about $324,000. Institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.