Carlisle Companies, Inc. (NYSE:CSL) declared a quarterly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Tuesday, August 20th will be given a dividend of 0.50 per share by the conglomerate on Tuesday, September 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, August 19th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.40.
Carlisle Companies has raised its dividend payment by an average of 11.9% annually over the last three years and has increased its dividend every year for the last 42 years. Carlisle Companies has a dividend payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Carlisle Companies to earn $8.99 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.2%.
CSL opened at $140.99 on Friday. The firm has a market capitalization of $7.98 billion, a PE ratio of 22.67, a PEG ratio of 1.14 and a beta of 1.02. Carlisle Companies has a twelve month low of $92.16 and a twelve month high of $146.16. The firm’s 50-day moving average price is $138.18 and its 200 day moving average price is $131.13. The company has a current ratio of 2.96, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62.
CSL has been the topic of several recent analyst reports. ValuEngine lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a report on Monday, April 29th. Oppenheimer boosted their target price on shares of Carlisle Companies from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Buckingham Research lowered shares of Carlisle Companies from a “buy” rating to a “neutral” rating and set a $148.00 target price on the stock. in a report on Monday, July 8th. Finally, BMO Capital Markets boosted their target price on shares of Carlisle Companies from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Carlisle Companies has an average rating of “Buy” and a consensus price target of $142.13.
In related news, Director David A. Roberts sold 28,571 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $137.74, for a total transaction of $3,935,369.54. Following the sale, the director now directly owns 88,397 shares of the company’s stock, valued at approximately $12,175,802.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by corporate insiders.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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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