Carlisle Companies Incorporated CSL is poised to gain from its diversified business structure. The company’s global footprint, focus on product launches and ability to penetrate different markets through acquisitions are commendable.Solid momentum in the U.S. reroofing end-market and new construction activity are expected to aid the company’s Carlisle Construction Materials (CCM) segment.Growing demand for energy-efficient building products and a strong backlog level also bode well for the segment. The Carlisle Weatherproofing Technologies (CWT) segment will likely be driven by the Henry acquisition and solid non-residential demand.Robust demand in the medical technologies and commercial aerospace business will drive growth for 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. Solid demand in its end markets is expected to negate the impact of the persistent raw material cost inflation and supply-chain constraints that the company has been witnessing. Carlisle’s acquisition of MBTechnology in February 2022, strengthened its product-building platform, and boosted its energy-efficient solution offerings. Also, the Henry Company acquisition in September 2021 enhanced CSL’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. In third-quarter 2022, price realization, higher volumes and contribution from the COS increased the company’s operating margin by 820 basis points.CSL’s efforts to reward its shareholders through dividend payments and share buybacks are encouraging. During the first nine months of 2022, Carlisle paid out dividends worth $95.6 million and repurchased shares for $201.1 million. The company’s board of directors also announced a 39% hike in its quarterly dividend rate in August 2022.In light of the above-mentioned positives, we believe that investors should retain to the Carlisle stock for now, as suggested by its current Zacks Rank #3 (Hold).Image Source: Zacks Investment ResearchIn the past six months, the stock has declined 0.6% compared with the industry’s decline of 1.4%.Key PicksSome better-ranked companies are discussed below:Applied Industrial Technologies, Inc. AIT presently has a Zacks Rank #1 (Strong Buy) and a trailing four-quarter earnings surprise of 24.8%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.AIT’s earnings estimates have increased 4.6% for fiscal 2023 (ending June 2023) in the past 60 days. Shares of Applied Industrial have risen 20% in the past six months.IDEX Corporation IEX presently has a Zacks Rank #2 (Buy). IEX’s earnings surprise in the last four quarters was 5.7%, on average.In the past 60 days, IDEX’s earnings estimates have increased 1.8% for 2022. The stock has rallied 20.3% in the past six months.EnerSys ENS delivered an average four-quarter earnings surprise of 2.1%. ENS presently carries a Zacks Rank of 2.ENS’ earnings estimates have increased 0.6% for fiscal 2023 (ending March 2023) in the past 60 days. The stock has gained 7.9% in the past six months. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report IDEX Corporation (IEX): Free Stock Analysis Report Carlisle Companies Incorporated (CSL): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research