Carlisle Companies (CSL) Reaches New Lifetime High Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Carlisle Companies ( CSL) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Carlisle Companies as such a stock due to the following factors:

  • CSL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $29.3 million.
  • CSL has traded 50,746 shares today.
  • CSL is trading at a new lifetime high.

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More details on CSL:

Carlisle Companies Incorporated operates as a diversified manufacturing company in the United States and internationally. The stock currently has a dividend yield of 1%. CSL has a PE ratio of 26. Currently there are 5 analysts that rate Carlisle Companies a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Carlisle Companies has been 344,100 shares per day over the past 30 days. Carlisle Companies has a market cap of $6.5 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 1.01 and a short float of 1.7% with 2.83 days to cover. Shares are up 12.7% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Carlisle Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 9.7%. Since the same quarter one year prior, revenues slightly increased by 9.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The current debt-to-equity ratio, 0.34, is low and is below the industry average, implying that there has been successful management of debt levels. Along with this, the company maintains a quick ratio of 3.16, which clearly demonstrates the ability to cover short-term cash needs.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
  • CARLISLE COS INC has improved earnings per share by 5.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, CARLISLE COS INC increased its bottom line by earning $3.83 versus $3.61 in the prior year. This year, the market expects an improvement in earnings ($4.78 versus $3.83).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Industrial Conglomerates industry. The net income increased by 10.1% when compared to the same quarter one year prior, going from $35.80 million to $39.40 million.

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