This top 10% industrial stock is enjoying recent momentum!
Carlisle Companies Inc (CSL) has ‘Premier’ status being in the upper percentiles of this month’s stock universe, and has increased dividends for 44 years. It’s a Growth stock.
GROWTH
CSL’s 5-year average dividend growth rate is 12.6%, very good compared to the dividend universe average of 10.2%. Free cash flow has grown at an average rate of 10.7% per year for the last 5 years versus the dividend universe at 7%, so CSL is performing very well.
INCOME
CSL’s current dividend yield is 1.04%, less than half of the average at 2.42%.
SAFETY
We use the Dividend Coverage Ratio to measure the dividend’s safety – higher is better. CSL has a DCR of 5.7 which is very good, more than double the minimum of 2.
VALUATION
The price at time of analysis was $202.24, which is Overpriced. A fair price would be around $120.57. Our ‘Value Rating’ for Carlisle Companies Inc is 2 out of 5.0, meaning that both PS and PE indicate the stock is moderately expensive, compared to other dividend stocks available.
TIMING
Currently, CSL has a ‘No ‘buy’ signal.’ based on a comparison of current to historical yield and PE values.
QUALITY
Our quality formula gives CSL a ‘Quality Rating’ of 4.1 (out of 5), versus the average of 2.8 for this month’s dividend universe.
TOTAL RETURN
Over the last 15 years, the compound annual growth rate for an investment in Carlisle Companies Inc was 13.1% per year with dividends reinvested, versus the S&P500 Total Return of around 11% per year for the same time period. As you can see, CSL is doing better than the market with dividends reinvested.
CONCLUSION
Overall, compared to our universe of dividend stocks, we rate Carlisle Companies Inc a ‘A+.’
What do you think of (CSL) Carlisle?
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