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

Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Friday, November 1st,RTT News reports. Shareholders of record on Friday, November 15th will be paid a dividend of 1.00 per share by the conglomerate on Thursday, January 2nd. This represents a $4.00 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, November 15th.

Carlisle Companies has increased its dividend by an average of 16.0% per year over the last three years and has increased its dividend annually for the last 48 consecutive years. Carlisle Companies has a payout ratio of 17.5% indicating that 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 0.4 %

Shares of NYSE:CSL opened at $454.89 on Thursday. Carlisle Companies has a one year low of $269.58 and a one year high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The company has a market cap of $20.62 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.48 and a beta of 0.91. The firm has a fifty day moving average price of $440.64 and a two-hundred day moving average price of $421.72.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm posted $4.68 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Analysts anticipate that Carlisle Companies will post 20.36 EPS for the current fiscal year.

Analysts Set New Price Targets

CSL has been the subject of a number of research analyst reports. Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday. They set a “hold” rating and a $460.00 price objective for the company. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Oppenheimer lifted their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $472.00.

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.