Dividend Champions vs Aristocrats: 5 Under-the-Radar Stocks to Consider

1. Carlisle Companies Incorporated (NYSE:CSL)

Number of Hedge Fund Holders: 41

An American diversified manufacturing company, Carlisle Companies Incorporated (NYSE:CSL) is next on our list of the best dividend stocks. It currently pays a quarterly dividend of $0.75 per share with a dividend yield of 1.40%, as recorded on April 26. The company has raised its dividends consistently for 46 years.

Baird maintained an Outperform rating on Carlisle Companies Incorporated (NYSE:CSL) in April with a $280 price target, appreciating the company’s pricing power.

As of the close of Q4 2022, 41 hedge funds in Insider Monkey’s database owned stakes in Carlisle Companies Incorporated (NYSE:CSL), worth roughly $8 billion collectively.

Madison Funds mentioned Carlisle Companies Incorporated (NYSE:CSL) in its Q4 2022 investor letter. Here is what the firm has to say:

“The bottom five detractors for the quarter were Carlisle Companies Incorporated (NYSE:CSL), Brown & Brown, Brookfield, CarMax, and Armstrong World Industries. Following robust outperformance during the first three quarters of the year, Carlisle shares took a step back this quarter as investors worried about commercial roofing demand in a potentially slowing economy.”

You can also take a look at Top 15 Cloud Computing Companies in the World and 11 Best Diversified Stocks to Buy Now

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