Carlisle Companies Incorporated (NYSE:CSL) Plans Quarterly Dividend of $1.10

Carlisle Companies Incorporated (NYSE:CSL) announced a quarterly dividend on Friday, October 31st. Stockholders of record on Friday, November 14th will be given a dividend of 1.10 per share by the conglomerate on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, November 14th.

Carlisle Companies has increased its dividend payment 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 payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities 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 1.0%

Shares of CSL stock traded up $3.09 during trading on Wednesday, reaching $322.14. The company’s stock had a trading volume of 75,017 shares, compared to its average volume of 479,313. Carlisle Companies has a one year low of $311.41 and a one year high of $472.66. The business has a fifty day moving average price of $338.61 and a 200-day moving average price of $370.05. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. The company has a quick ratio of 1.47, a current ratio of 2.19 and a debt-to-equity ratio of 0.89.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 39.10%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $5.78 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. Analysts anticipate that Carlisle Companies will post 22.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Carlisle Companies by 113.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after acquiring an additional 558,710 shares in the last quarter. Sands Capital Management LLC bought a new stake in Carlisle Companies during the 2nd quarter worth approximately $159,203,000. JPMorgan Chase & Co. grew its stake in shares of Carlisle Companies by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after purchasing an additional 358,241 shares during the last quarter. Norges Bank bought a new position in Carlisle Companies during the 2nd quarter worth $128,856,000. Finally, Cooke & Bieler LP bought a new stake in shares of Carlisle Companies in the 1st quarter valued at about $74,095,000. Institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

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.