Carlisle Companies, Inc. (CSL) to Issue Quarterly Dividend of $0.50 on September 3rd

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.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.26. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 9.04% and a return on equity of 16.52%. Carlisle Companies’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.87 earnings per share. As a group, analysts predict that Carlisle Companies will post 8.15 earnings per share for the current fiscal year.

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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Dividend History for Carlisle Companies (NYSE:CSL)

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