Carlisle Companies Incorporated (NYSE:CSL) is included among the 13 Most Undervalued Dividend Stocks to Buy According to Wall Street Analysts.
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Carlisle Companies Incorporated designs and manufactures a range of energy-efficient and sustainable products for both commercial and residential buildings.
On October 21, Vertical Research analyst Adam Baumgarten began coverage of Carlisle Companies Incorporated with a Hold rating and a $356 price target.
The company recently reported strong earnings, generating $620 million in free cash flow during the first nine months of the year. Carlisle Companies Incorporated expects to achieve roughly $1 billion in operating cash flow for the full year. Management reaffirmed its commitment to its Vision 2030 goals of $40 in adjusted EPS and maintaining an ROIC of 25% or higher, which is projected to produce over $6 billion in cumulative free cash flow through 2030.
This robust cash flow has allowed Carlisle Companies Incorporated to increase its dividends for 49 consecutive years. The company currently pays a quarterly dividend of $1.10 per share and has a dividend yield of 1.82%, as of October 29.
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