Carlisle Companies (NYSE:CSL) declared that its Board of Directors has approved a share repurchase program, which allows the company to repurchase 5,000,000 shares on Tuesday, February 6th, EventVestor reports. This repurchase authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
Shares of Carlisle Companies (NYSE CSL) traded up $3.41 during midday trading on Wednesday, reaching $112.13. 130,400 shares of the company were exchanged, compared to its average volume of 419,904. Carlisle Companies has a 12-month low of $92.09 and a 12-month high of $119.21. The stock has a market capitalization of $6,840.16, a P/E ratio of 21.53, a PEG ratio of 1.12 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.32%. Carlisle Companies’s dividend payout ratio (DPR) is presently 29.31%.
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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.
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