Carlisle Companies Incorporated (NYSE:CSL) to Issue Quarterly Dividend of $1.00

Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Friday, November 1st, RTT News reports. Stockholders of record on Friday, November 15th will be given a dividend of 1.00 per share by the conglomerate on Thursday, January 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.95%.

Carlisle Companies has increased its dividend by an average of 16.0% annually over the last three years and has increased its dividend every year for the last 48 years. Carlisle Companies has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Carlisle Companies to earn $22.60 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 17.7%.

Carlisle Companies Stock Up 0.0 %

Carlisle Companies stock opened at $422.26 on Friday. Carlisle Companies has a twelve month low of $259.74 and a twelve month high of $481.26. The firm has a 50 day moving average price of $435.55 and a 200-day moving average price of $417.49. The company has a market capitalization of $19.14 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.38 and a beta of 0.91. The company has a quick ratio of 2.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.68 earnings per share. As a group, equities analysts predict that Carlisle Companies will post 20.36 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on CSL shares. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Oppenheimer upped their price target on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird dropped their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $475.00.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.