Trade-Ideas: Carlisle Companies (CSL) Is Today's New Lifetime High Stock

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 $41.2 million.
  • CSL has traded 11,514 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 1.2%. CSL has a PE ratio of 21. Currently there are 4 analysts that rate Carlisle Companies a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Carlisle Companies has been 440,700 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 0.92 and a short float of 2.1% with 2.67 days to cover. Shares are up 12.5% year-to-date as of the close of trading on Monday.

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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, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:
  • CSL's revenue growth has slightly outpaced the industry average of 6.9%. Since the same quarter one year prior, revenues rose by 10.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.32, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, CSL has a quick ratio of 1.51, which demonstrates the ability of the company to cover short-term liquidity needs.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • CARLISLE COS INC reported significant earnings per share improvement 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 two years. We feel that this trend should continue. During the past fiscal year, CARLISLE COS INC increased its bottom line by earning $4.82 versus $3.83 in the prior year. This year, the market expects an improvement in earnings ($5.31 versus $4.82).
  • 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 54.6% when compared to the same quarter one year prior, rising from $52.90 million to $81.80 million.

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