Carlisle Companies Incorporated (NYSE:CSL) Plans Dividend Increase – $0.75 Per Share

Carlisle Companies Incorporated (NYSE:CSLGet Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Stockholders of record on Thursday, August 18th will be paid a dividend of 0.75 per share by the conglomerate on Thursday, September 1st. This represents a $3.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 17th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.54.

Carlisle Companies has a payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Carlisle Companies to earn $21.73 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 9.9%.

Carlisle Companies Stock Performance

Shares of CSL opened at $300.61 on Friday. The stock has a 50-day simple moving average of $257.38 and a 200-day simple moving average of $246.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.39 and a current ratio of 2.01. The stock has a market capitalization of $15.55 billion, a PE ratio of 20.77, a PEG ratio of 0.84 and a beta of 1.06. Carlisle Companies has a 1 year low of $195.04 and a 1 year high of $301.01.

Carlisle Companies (NYSE:CSLGet Rating) last issued its earnings results on Wednesday, July 27th. The conglomerate reported $6.15 earnings per share for the quarter, topping the consensus estimate of $4.99 by $1.16. Carlisle Companies had a return on equity of 32.22% and a net margin of 12.68%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the company earned $2.16 EPS. The business’s quarterly revenue was up 57.0% on a year-over-year basis. On average, analysts predict that Carlisle Companies will post 20.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carlisle Companies

A number of large investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in shares of Carlisle Companies in the 1st quarter valued at about $824,000. BNP Paribas Arbitrage SA increased its holdings in shares of Carlisle Companies by 68.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,420 shares of the conglomerate’s stock valued at $2,071,000 after purchasing an additional 3,435 shares in the last quarter. Avalon Investment & Advisory increased its holdings in shares of Carlisle Companies by 14.0% in the 1st quarter. Avalon Investment & Advisory now owns 21,589 shares of the conglomerate’s stock valued at $5,309,000 after purchasing an additional 2,649 shares in the last quarter. Virtu Financial LLC increased its holdings in Carlisle Companies by 190.3% during the 1st quarter. Virtu Financial LLC now owns 2,932 shares of the conglomerate’s stock valued at $721,000 after acquiring an additional 1,922 shares in the last quarter. Finally, Mirabella Financial Services LLP purchased a new position in Carlisle Companies during the 1st quarter valued at about $802,000. Hedge funds and other institutional investors own 89.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CSL. Credit Suisse Group boosted their price objective on Carlisle Companies from $275.00 to $300.00 in a research note on Monday, May 9th. Oppenheimer upped their price target on Carlisle Companies from $300.00 to $315.00 in a research note on Friday, April 29th. Robert W. Baird upped their price target on Carlisle Companies from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, June 23rd. Finally, Loop Capital upped their price target on Carlisle Companies from $285.00 to $305.00 in a research note on Friday, April 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $307.00.

Carlisle Companies Company Profile

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Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

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Dividend History for Carlisle Companies (NYSE:CSL)

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