Carlisle Companies Incorporated (CSL) Increases Dividend to $0.37 Per Share
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.
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.
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