Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Monday, August 7th, RTT News reports. Stockholders of record on Friday, August 18th will be paid a dividend of 0.37 per share by the conglomerate on Friday, September 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.35.

Carlisle Companies has increased its dividend by an average of 15.7% annually over the last three years and has raised its dividend every year for the last 40 years. Carlisle Companies has a payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Carlisle Companies to earn $6.11 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 22.9%.

Shares of Carlisle Companies (NYSE CSL) traded up 0.36% on Monday, hitting $98.72. The stock had a trading volume of 79,725 shares. Carlisle Companies has a 12 month low of $93.47 and a 12 month high of $116.40. The firm’s 50-day moving average price is $96.88 and its 200 day moving average price is $102.87. The firm has a market cap of $6.24 billion, a P/E ratio of 27.90 and a beta of 0.77.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.61 by $0.03. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned $1.75 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts anticipate that Carlisle Companies will post $5.19 EPS for the current fiscal year.

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Several research firms recently weighed in on CSL. BidaskClub downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Saturday. FBR & Co restated an “outperform” rating and set a $125.00 price target on shares of Carlisle Companies in a research report on Tuesday, July 11th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. Robert W. Baird restated an “outperform” rating on shares of Carlisle Companies in a research report on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Carlisle Companies has an average rating of “Hold” and an average target price of $122.50.

About Carlisle Companies

Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.

Dividend History for Carlisle Companies (NYSE:CSL)

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