Carlisle Companies said on August 3, 2023 that its board of directors declared a regular quarterly dividend of $0.85 per share ($3.40 annualized). Previously, the company paid $0.75 per share.
Shares must be purchased before the ex-div date of August 16, 2023 to qualify for the dividend. Shareholders of record as of August 17, 2023 will receive the payment on September 1, 2023.
At the current share price of $285.11 / share, the stock's dividend yield is 1.19%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.26%, the lowest has been 0.71%, and the highest has been 1.99%. The standard deviation of yields is 0.25 (n=236).
The current dividend yield is 0.27 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.21. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.43%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1148 funds or institutions reporting positions in Carlisle Companies. This is a decrease of 32 owner(s) or 2.71% in the last quarter. Average portfolio weight of all funds dedicated to CSL is 0.32%, a decrease of 16.79%. Total shares owned by institutions decreased in the last three months by 5.02% to 55,167K shares. 
The put/call ratio of CSL is 0.28, indicating a bullish outlook.
Analyst Price Forecast Suggests 11.26% Upside
As of August 2, 2023, the average one-year price target for Carlisle Companies is 317.22. The forecasts range from a low of 287.85 to a high of $341.25. The average price target represents an increase of 11.26% from its latest reported closing price of 285.11.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Carlisle Companies is 7,006MM, an increase of 16.31%. The projected annual non-GAAP EPS is 21.60.
What are Other Shareholders Doing?
Allspring Global Investments Holdings holds 2,066K shares representing 4.15% ownership of the company. In it's prior filing, the firm reported owning 1,771K shares, representing an increase of 14.28%. The firm increased its portfolio allocation in CSL by 28.03% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,595K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 1,597K shares, representing a decrease of 0.10%. The firm decreased its portfolio allocation in CSL by 8.27% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,585K shares representing 3.18% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing an increase of 0.92%. The firm decreased its portfolio allocation in CSL by 10.59% over the last quarter.
EAASX - Eaton Vance Atlanta Capital SMID-Cap Fund holds 1,566K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 1,372K shares, representing an increase of 12.38%. The firm increased its portfolio allocation in CSL by 7.26% over the last quarter.
Fiduciary Management holds 1,342K shares representing 2.69% ownership of the company. In it's prior filing, the firm reported owning 1,122K shares, representing an increase of 16.37%. The firm increased its portfolio allocation in CSL by 14.46% over the last quarter.
Carlisle Companies Background Information
(This description is provided by the company.)
Carlisle Companies Incorporated is a diversified industrial company with a global portfolio of niche brands that delivers energy efficient and highly engineered products and solutions for its customers. Driven by its strategic plan, Vision 2025, Carlisle is committed to generating superior shareholder returns by investing in high-ROIC businesses and maintaining a balanced capital deployment approach, including investments in its businesses, strategic acquisitions, share repurchases and continued dividend increases. Carlisle is headquartered in Phoenix, Arizona. Its worldwide team of employees generated $4.2 billion in revenues in 2020.
Additional reading:
- Carlisle Companies Announces a Dividend Increase, its 47
- AMENDMENT NO. 2 TO CREDIT AGREEMENT
- Carlisle Companies Announces Finance Leadership Changes
- Carlisle Companies Incorporated Unaudited Consolidated Statements of Income
- EQUITY PURCHASE AGREEMENT dated as of June 14, 2023 by and among Carlisle Companies Incorporated, Carlisle Intermediate Holdings, Inc., Carlisle, LLC, Carlisle International, LLC, Carlisle International Holdings Ltd, Carlisle Global II Limited, Carli
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
