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

Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Friday, November 1st, RTT News reports. Stockholders 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 dividend yield of 0.95%.

Carlisle Companies has raised its dividend by an average of 16.0% annually over the last three years and has raised its dividend annually for the last 48 consecutive years. Carlisle Companies has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NYSE CSL opened at $422.26 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.50 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $435.55 and its 200-day moving average price is $417.49. The firm has a market capitalization of $19.14 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.38 and a beta of 0.91. Carlisle Companies has a 1-year low of $259.74 and a 1-year high of $481.26.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Robert W. Baird decreased their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Oppenheimer upped their price objective 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. Finally, StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $475.00.

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.