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

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Carlisle Companies Incorporated (CSL - Free Report) 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.

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

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Some other top-ranked companies are discussed below:

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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 - Free Report) 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 - Free Report) 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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