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

Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 1.00 per share by the conglomerate on Monday, March 3rd. This represents a $4.00 annualized dividend and a dividend yield of 1.01%.

Carlisle Companies has increased its dividend by an average of 20.2% per year over the last three years and has increased its dividend every year for the last 35 years. Carlisle Companies has a payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Carlisle Companies to earn $22.59 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 Stock Down 0.5 %

Shares of CSL traded down $2.05 on Tuesday, reaching $395.43. The stock had a trading volume of 267,860 shares, compared to its average volume of 315,237. The company has a 50-day simple moving average of $405.87 and a 200-day simple moving average of $420.20. The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies has a 12-month low of $308.44 and a 12-month high of $481.26.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CSL shares. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Truist Financial assumed coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Loop Capital dropped their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

About Carlisle Companies

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.