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Here's Why Investors Should Retain Carlisle (CSL) Stock Now
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Carlisle Companies Incorporated (CSL - Free Report) is benefitting from its global footprint, focus on product launches and ability to penetrate different markets through acquisitions despite the persistent raw material cost inflation and supply-chain constraints.
CSL’s Carlisle Construction Materials (CCM) segment is gaining from solid momentum in the U.S. reroofing end-market and new construction activity. Growing demand for energy-efficient building products and a strong backlog level also bode well for the segment. The Henry acquisition and solid non-residential demand are driving the Carlisle Weatherproofing Technologies (CWT) segment.
Robust demand in the medical technologies and commercial aerospace business is supporting CSL’s Carlisle Interconnect Technologies (CIT) segment. The Carlisle Fluid Technologies (CFT) segment will benefit from its focus on product introductions, price discipline and growing backlog level.
The company acquired MBTechnology in February 2022. The buyout strengthened its product-building platform and boosted its energy-efficient solution offerings. Also, the Henry Company acquisition in September 2021 boosted Carlisle’s product offerings for construction activities. It is worth noting that acquisitions boosted revenues by 9.2% in third-quarter 2022.
Under the Vision 2025 program, Carlisle looks forward to achieving above-market organic growth, acquiring new assets and leveraging its Carlisle Operating System (COS) to drive efficiencies through business processes apart from returning cash to its shareholders. Price realization, higher volumes and contribution from the COS increased the company’s operating margin by 820 basis points in third-quarter 2022.
Carlisle utilizes its cash flow to reward its shareholders through dividend payouts and share-repurchase programs. During the first nine months of 2022, Carlisle paid out dividends worth $95.6 million and repurchased shares for $201.1 million. Its quarterly dividend rate was hiked 39% in August 2022.
In light of the above-mentioned positives, we believe that investors should retain the Carlisle stock for now, as suggested by its current Zacks Rank #3 (Hold). In the past year, the stock has rallied 1.6% against the industry’s 16.2% decline.
Image: Bigstock
Here's Why Investors Should Retain Carlisle (CSL) Stock Now
Carlisle Companies Incorporated (CSL - Free Report) is benefitting from its global footprint, focus on product launches and ability to penetrate different markets through acquisitions despite the persistent raw material cost inflation and supply-chain constraints.
CSL’s Carlisle Construction Materials (CCM) segment is gaining from solid momentum in the U.S. reroofing end-market and new construction activity. Growing demand for energy-efficient building products and a strong backlog level also bode well for the segment. The Henry acquisition and solid non-residential demand are driving the Carlisle Weatherproofing Technologies (CWT) segment.
Robust demand in the medical technologies and commercial aerospace business is supporting CSL’s Carlisle Interconnect Technologies (CIT) segment. The Carlisle Fluid Technologies (CFT) segment will benefit from its focus on product introductions, price discipline and growing backlog level.
The company acquired MBTechnology in February 2022. The buyout strengthened its product-building platform and boosted its energy-efficient solution offerings. Also, the Henry Company acquisition in September 2021 boosted Carlisle’s product offerings for construction activities. It is worth noting that acquisitions boosted revenues by 9.2% in third-quarter 2022.
Under the Vision 2025 program, Carlisle looks forward to achieving above-market organic growth, acquiring new assets and leveraging its Carlisle Operating System (COS) to drive efficiencies through business processes apart from returning cash to its shareholders. Price realization, higher volumes and contribution from the COS increased the company’s operating margin by 820 basis points in third-quarter 2022.
Carlisle utilizes its cash flow to reward its shareholders through dividend payouts and share-repurchase programs. During the first nine months of 2022, Carlisle paid out dividends worth $95.6 million and repurchased shares for $201.1 million. Its quarterly dividend rate was hiked 39% in August 2022.
In light of the above-mentioned positives, we believe that investors should retain the Carlisle stock for now, as suggested by its current Zacks Rank #3 (Hold). In the past year, the stock has rallied 1.6% against the industry’s 16.2% decline.
Image Source: Zacks Investment Research
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