Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Monday, August 7th, RTT News reports. Investors of record on Friday, August 18th will be given a dividend of 0.37 per share by the conglomerate on Friday, September 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Wednesday, August 16th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.35.

Carlisle Companies has increased its dividend by an average of 15.7% annually over the last three years and has increased its dividend annually for the last 40 consecutive years. Carlisle Companies has a dividend payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Carlisle Companies to earn $6.11 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 22.9%.

Carlisle Companies (CSL) opened at 98.58 on Tuesday. The company has a 50-day moving average price of $96.88 and a 200-day moving average price of $102.87. Carlisle Companies has a 1-year low of $93.47 and a 1-year high of $116.40. The firm has a market cap of $6.23 billion, a P/E ratio of 27.86 and a beta of 0.77.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing the consensus estimate of $1.61 by $0.03. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned $1.75 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Carlisle Companies will post $5.19 EPS for the current fiscal year.

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CSL has been the subject of several analyst reports. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating and set a $115.00 target price for the company in a research note on Wednesday, April 12th. BMO Capital Markets reiterated a “buy” rating and set a $130.00 price target on shares of Carlisle Companies in a research report on Thursday, April 20th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Carlisle Companies in a research report on Tuesday, May 9th. BidaskClub downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, CIBC reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Carlisle Companies currently has an average rating of “Hold” and an average price target of $122.50.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.

Dividend History for Carlisle Companies (NYSE:CSL)

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