Carlisle Companies, Inc. (NYSE:CSL) declared a quarterly dividend on Monday, November 5th, RTT News reports. Stockholders of record on Monday, November 19th will be given a dividend of 0.40 per share by the conglomerate on Monday, December 3rd. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, November 16th.
Carlisle Companies has increased its dividend payment by an average of 15.3% per year over the last three years and has increased its dividend annually for the last 41 consecutive years. Carlisle Companies has a dividend payout ratio of 26.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Carlisle Companies to earn $6.92 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 23.1%.
CSL stock opened at $102.01 on Friday. The firm has a market cap of $6.08 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.10. Carlisle Companies has a 52-week low of $92.16 and a 52-week high of $129.47. The company has a quick ratio of 2.55, a current ratio of 3.27 and a debt-to-equity ratio of 0.59.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.14). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 13.47%. Carlisle Companies’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 EPS. On average, research analysts predict that Carlisle Companies will post 5.61 EPS for the current year.
Several equities analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 price target on shares of Carlisle Companies in a research note on Friday, July 27th. Robert W. Baird raised their price target on shares of Carlisle Companies from $124.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Oppenheimer reaffirmed a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, July 25th. ValuEngine raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Finally, B. Riley lifted their target price on shares of Carlisle Companies from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $129.80.
In related news, Director David A. Roberts sold 36,533 shares of Carlisle Companies stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $127.52, for a total transaction of $4,658,688.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by company insiders.
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Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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