Carlisle Companies, Inc. (NYSE:CSL) announced a quarterly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Tuesday, August 20th will be paid a dividend of 0.50 per share by the conglomerate on Tuesday, September 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Monday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.40.

Carlisle Companies has increased its dividend payment by an average of 11.9% per year over the last three years and has increased its dividend annually for the last 42 consecutive years. Carlisle Companies has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Carlisle Companies to earn $8.99 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.2%.

Shares of CSL stock opened at $140.99 on Friday. The stock’s fifty day moving average price is $138.18 and its two-hundred day moving average price is $131.13. The company has a market cap of $7.74 billion, a PE ratio of 22.67, a P/E/G ratio of 1.12 and a beta of 1.02. Carlisle Companies has a fifty-two week low of $92.16 and a fifty-two week high of $146.16. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 2.96.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, July 23rd. The conglomerate reported $2.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.26. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 16.52% and a net margin of 9.04%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.87 EPS. On average, equities analysts predict that Carlisle Companies will post 8.15 EPS for the current fiscal year.

In related news, Director David A. Roberts sold 28,571 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $137.74, for a total transaction of $3,935,369.54. Following the completion of the transaction, the director now directly owns 88,397 shares of the company’s stock, valued at approximately $12,175,802.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

A number of equities research analysts have weighed in on CSL shares. ValuEngine downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Buckingham Research downgraded Carlisle Companies from a “buy” rating to a “neutral” rating and set a $148.00 target price on the stock. in a report on Monday, July 8th. Robert W. Baird increased their price target on Carlisle Companies from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Oppenheimer increased their price target on Carlisle Companies from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Monday, April 29th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Carlisle Companies presently has a consensus rating of “Buy” and an average target price of $142.13.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

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Dividend History for Carlisle Companies (NYSE:CSL)

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