TSC Ratings' Updates: Carlisle

The following ratings' changes were generated on September 25.

Carlisle(CSL Quote) has been upgraded from hold to buy. Carlisle Companies engages in the manufacture and sale of construction materials in the U.S. and internationally. It operates in five segments: construction materials, industrial components, transportation products, specialty products, and general industry. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.

The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Industrial conglomerates industry average. The net income increased by 1.7% when compared with the same quarter one year prior, going from $53.40 million to $54.30 million. ...