Carlisle Companies Incorporated (CSL) To Go Ex-Dividend on February 17th

Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Wednesday, January 28th. Stockholders of record on Tuesday, February 17th will be given a dividend of 1.10 per share by the conglomerate on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 17th.

Carlisle Companies has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 48 years. Carlisle Companies has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Carlisle Companies to earn $24.85 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 17.7%.

Carlisle Companies Stock Up 0.1%

Carlisle Companies stock opened at $341.36 on Friday. The company has a 50 day moving average of $334.16 and a 200-day moving average of $349.00. The company has a quick ratio of 2.62, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. Carlisle Companies has a twelve month low of $293.43 and a twelve month high of $435.92. The stock has a market capitalization of $14.27 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, topping the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $5.78 earnings per share. Carlisle Companies’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. GFG Capital LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter worth $25,000. Hemington Wealth Management lifted its holdings in shares of Carlisle Companies by 61.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 26 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Carlisle Companies in the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at approximately $25,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Carlisle Companies by 527.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.