Carlisle’s price movement
Carlisle Companies (CSL) has a market cap of $5.5 billion. Carlisle’s YTD (year-to-date) price movement has been going down since August 2015. After the 3Q15 earnings report, CSL fell by 8.0% to close at $84.11 per share as of October 21, 2015. The price movement on a weekly, monthly, and YTD basis is -7.5%, -13.0%, and -6.0%, respectively.
The stock has broken major support and is trading below all moving day averages. Currently, the stock is trading at 8.4% below the 20-day moving average, 12.9% below the 50-day moving average, and 12.5% below the 200-day moving average.
The PowerShares Dynamic Building & Construction Sector Portfolio ETF (PKB) invests 4.6% of its holdings in Carlisle. The ETF tracks a quantitative index that selects building and construction companies most likely to outperform based on growth and value metrics. The YTD price movement of PKB is 10.1% as of October 20, 2015. The First Trust Mid Cap Growth AlphaDex ETF (FNY) invests 1.3% of its holdings in Carlisle.
The market caps of Carlisle Companies’ are:
- TE Connectivity (TEL) — $24.6 billion
- Amphenol (APH) — $15.6 billion
- Leggett & Platt (LEG) — $5.9 billion
- ITT (ITT) — $3.3 billion
Performance of Carlisle in 3Q15
The company has reported net revenue of $973.1 million in 3Q15, an increase of 7.6% when compared to the net revenue of $904.1 million in 3Q14. The cost of sales as a percentage of sales has fallen by 5.5% in 3Q15 as compared to the cost of sales as a percentage of sales in 3Q14. The revenue from construction materials and brake and friction have fallen by 3.2% and 20.8%. Revenues from interconnect technologies and foodservice products have increased by 23.1% and 1.3% in 3Q15 as compared to the revenue in 3Q14. The company’s net income and EPS (earnings per share) have increased to $103.6 million and $1.56 per share in 3Q15, an increase of 18.7% and 18.2% on a quarterly basis. The current ratio and debt-to-equity ratio have decreased to 2.15 and 0.44 in 3Q15 as compared to the current ratio and the debt-to-equity ratio of 4.1 and 0.52 in 3Q14.
On August 5, 2015, the company has increased the regular quarterly dividend to $0.30 per share, an increase of 20% on Carlisle common stock.
Carlisle Companies designs, manufactures, and markets products for commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, food service, healthcare, sanitary maintenance, transportation, and auto refinishing.