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4 Reasons Why You Should Invest in Carlisle (CSL) Stock Now

·3 min read

Carlisle Companies Incorporated CSL stands to gain from robust strength in its businesses, acquired assets, a solid product portfolio and a sound capital-deployment strategy.

Let’s delve deeper to unearth the factors that might make investing in this Zacks Rank #1 (Strong Buy) player a smart choice now.

Brisk Business: Carlisle benefits from solid momentum in the U.S. reroofing market and high demand for energy-efficient building products. Also, strength in the company’s medical technologies business and recovery in the commercial aerospace business in the United States have been driving its performance for a while. For the near term, price discipline, product innovation efforts and a strong backlog level bode well. For 2022, CSL anticipates revenues to grow more than 40% from the year-ago reported figure.

Accretive Acquisition: Carlisle’s buyout of MBTechnology (February 2022) strengthened its building products platform, boosting its energy-efficient solution offerings. Also, CSL’s Henry Company acquisition in September 2021 enhanced its product offerings for construction activities. CSL expects the buyout to boost its earnings by $1.50 per share in 2022. Acquisitions contributed 15.5% to revenue growth in second-quarter 2022.

Rewards to Shareholders a Boon: In the first six months of 2022, Carlisle paid out dividends of $56.7 million to its shareholders and repurchased shares worth $175 million. Also, CSL hiked the quarterly dividend rate by 39% to 75 cents in August 2022. While exiting the second quarter, it had $4.3 million worth of shares left under its share repurchase authorization.

Carlisle Companies Incorporated Price and Consensus

Carlisle Companies Incorporated Price and Consensus
Carlisle Companies Incorporated Price and Consensus

Carlisle Companies Incorporated price-consensus-chart | Carlisle Companies Incorporated Quote

Northbound Estimate Revision: In the past 60 days, the Zacks Consensus Estimate for 2022 earnings has been revised 14.6% upward.

Other Stocks to Consider

Some other top-ranked companies are discussed below:

RBC Bearings Incorporated ROLL presently sports a Zacks Rank of 1. ROLL delivered a trailing four-quarter earnings surprise of 9.4%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.

ROLL’s earnings estimates have increased 31.1% for fiscal 2023 (ending March 2023) in the past 60 days. Its shares have gained 18.2% in the past six months.

Valmont Industries, Inc. VMI presently has a Zacks Rank #2 (Buy). VMI’s earnings surprise in the last four quarters was 13.7%, on average.

In the past 60 days, Valmont’s earnings estimates have increased 4.3% for 2022. The stock has rallied 11.9% in the past six months.

Greif, Inc. GEF presently has a Zacks Rank of 2. GEF delivered a trailing four-quarter earnings surprise of 22.4%, on average.

GEF’s earnings estimates have increased 4.6% for fiscal 2022 (ending October 2022) in the past 60 days. Its shares have risen 7.7% in the past three months.


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