Carlisle Companies Incorporated (CSL) To Go Ex-Dividend on November 14th

Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Friday, October 31st. Shareholders of record on Friday, November 14th will be given a dividend of 1.10 per share by the conglomerate on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th.

Carlisle Companies has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 48 years. Carlisle Companies has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Carlisle Companies to earn $24.85 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 17.7%.

Carlisle Companies Stock Up 0.6%

Shares of CSL stock traded up $2.06 during trading on Wednesday, reaching $321.11. The company’s stock had a trading volume of 103,493 shares, compared to its average volume of 479,481. Carlisle Companies has a 1-year low of $311.41 and a 1-year high of $472.66. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 1.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The stock’s 50-day moving average price is $338.61 and its 200 day moving average price is $370.05.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company earned $5.78 EPS. Carlisle Companies’s revenue for the quarter was up 1.0% compared to the same quarter last year. Carlisle Companies has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Carlisle Companies will post 22.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CSL shares. Oppenheimer cut their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Loop Capital downgraded Carlisle Companies from a “buy” rating to a “hold” rating and reduced their target price for the company from $430.00 to $395.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. cut their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Vertical Research started coverage on Carlisle Companies in a report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Carlisle Companies in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $386.67.

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.