Carlisle Companies Incorporated (NYSE: CSL – Get Rating) declared a quarterly dividend on Tuesday, May 3rd, Zacks reports. Investors of record on Tuesday, May 17th will be paid a dividend of 0.54 per share by the conglomerate on Wednesday, June 1st. This represents a $ 2.16 annualized dividend and a yield of 0.88%. The ex-dividend date is Monday, May 16th.
Carlisle Companies has raised its dividend by an average of 11.4% annually over the last three years and has increased its dividend every year for the last 46 years. Carlisle Companies has a payout ratio of 11.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Carlisle Companies to earn $ 17.73 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 12.2%.
Carlisle Companies stock opened at $ 245.65 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.96. Carlisle Companies has a 1-year low of $ 178.73 and a 1-year high of $ 275.13. The firm’s fifty day simple moving average is $ 246.38 and its 200-day simple moving average is $ 238.34. The company has a market capitalization of $ 12.70 billion, a P / E ratio of 23.15, a P / E / G ratio of 0.89 and a beta of 0.99.
Carlisle Companies (NYSE: CSL – Get Rating) last posted its earnings results on Thursday, April 28th. The conglomerate reported $ 4.26 EPS for the quarter, topping the consensus estimate of $ 2.54 by $ 1.72. Carlisle Companies had a net margin of 10.49% and a return on equity of 25.49%. The firm had revenue of $ 1.50 billion for the quarter, compared to the consensus estimate of $ 1.34 billion. On average, equities research analysts predict that Carlisle Companies will post 15.94 earnings per share for the current year.
A number of analysts have issued reports on the company. Oppenheimer raised their target price on Carlisle Companies from $ 300.00 to $ 315.00 in a report on Friday, April 29th. Robert W. Baird raised their price objective on Carlisle Companies from $ 300.00 to $ 325.00 in a research report on Friday, April 29th. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “strong-buy” rating and set a $ 306.00 price objective for the company in a research report on Wednesday, May 4th. StockNews.com began coverage on Carlisle Companies in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Credit Suisse Group raised their target price on Carlisle Companies from $ 275.00 to $ 300.00 in a research report on Monday, May 9th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $ 295.86.
In other Carlisle Companies news, insider John E. Berlin sold 6,192 shares of Carlisle Companies stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $ 236.94, for a total value of $ 1,467,132.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Douglas Charles Taylor sold 13,070 shares of Carlisle Companies stock in a transaction on Friday, February 18th. The shares were sold at an average price of $ 235.73, for a total value of $ 3,080,991.10. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of CSL. Morgan Stanley increased its stake in shares of Carlisle Companies by 50.5% in the 2nd quarter. Morgan Stanley now owns 119,684 shares of the conglomerate’s stock valued at $ 22,905,000 after buying an additional 40,139 shares during the period. Cartenna Capital LP increased its stake in shares of Carlisle Companies by 68.5% in the 1st quarter. Cartenna Capital LP now owns 77,500 shares of the conglomerate’s stock valued at $ 19,059,000 after buying an additional 31,500 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Carlisle Companies by 16.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 121,561 shares of the conglomerate’s stock valued at $ 30,162,000 after buying an additional 17,589 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Carlisle Companies in the 1st quarter valued at $ 3,695,000. Finally, Verition Fund Management LLC increased its stake in shares of Carlisle Companies by 83.2% in the 1st quarter. Verition Fund Management LLC now owns 31,561 shares of the conglomerate’s stock valued at $ 7,761,000 after buying an additional 14,334 shares during the period. Hedge funds and other institutional investors own 89.68% of the company’s stock.
Carlisle Companies Company Profile (Get Rating)
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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