Burgundy Asset Management Ltd. Sells Shares of Carrier Global Co.
November 28, 2023
☀️Trending News
Burgundy Asset Management Ltd. has recently sold shares of Carrier Global ($NYSE:CARR) Co., a leading global provider of innovative HVAC, refrigeration, fire and security solutions. Carrier Global Co. is an industry leader in the development of energy efficient products and services that improve the quality of life for its customers. Through its innovative products, services and technologies, Carrier Global Co. provides the highest level of comfort, safety and efficiency while helping its customers reduce their energy costs.
The company is committed to reducing its environmental impact and promoting sustainability. In addition to providing its customers with superior quality and reliability, Carrier Global Co.’s stock is a sound investment due to its strong financials and impressive growth prospects.
Price History
As the opening of trading began, CARRIER GLOBAL stock opened at $52.6 and closed at $52.1, a decrease of 1.6% from its last closing price of 53.0. The sale of these shares caused a slight decrease in CARRIER GLOBAL’s stock price, demonstrating that investors may not have been as eager as Burgundy Asset Management Ltd. to purchase the stock. Nevertheless, it remains to be seen whether the sale of shares will have a lasting effect on the stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carrier Global. More…
| Total Revenues | Net Income | Net Margin |
| 22.1k | 1.2k | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carrier Global. More…
| Operations | Investing | Financing |
| 2.67k | -731 | -1.03k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carrier Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 26.54k | 18.04k | 9.75 |
Key Ratios Snapshot
Some of the financial key ratios for Carrier Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.4% | 9.0% | 10.1% |
| FCF Margin | ROE | ROA |
| 10.4% | 17.2% | 5.2% |
Analysis
At GoodWhale, we conducted an analysis of CARRIER GLOBAL‘s wellbeing recently. According to our Star Chart, CARRIER GLOBAL has a high health score of 8/10 with regard to its cashflows and debt, indicating it is capable of meeting debt obligations and has the ability to fund future operations. CARRIER GLOBAL is classified as a “rhino” company, which is one that we have concluded has achieved moderate revenue or earnings growth. This type of company may be particularly attractive to dividend investors, as CARRIER GLOBAL is strong in this area. Additionally, the company has a good record of profitability, though it has shown relatively weak growth in terms of assets. All of these factors make CARRIER GLOBAL an attractive investment opportunity for certain types of investors. More…
Peers
The competition between Carrier Global Corp and its competitors is fierce. Carrier has a strong brand name and a long history in the industry, but it faces stiff competition from Trane, which has a similar product offering. Johnson Controls is a diversified company that offers a range of HVAC products, but it is not as well known in the industry as Carrier or Trane. Carlisle is a smaller player in the HVAC industry, but it has a strong focus on energy efficiency.
– Johnson Controls International PLC ($NYSE:JCI)
Johnson Controls International PLC is a technology and industrial leader with a market cap of 45.72B as of 2022. The company has a Return on Equity of 7.45%. Johnson Controls focuses on making buildings, automotive interiors, and batteries more energy-efficient and sustainable.
– Trane Technologies PLC ($NYSE:TT)
Trane Technologies PLC is a publicly traded company with a market capitalization of $40.55 billion as of 2022. The company has a return on equity of 24.48%. Trane Technologies is a provider of products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables, and increase industrial productivity and efficiency. The company operates in four business segments: Climate, Industrial, Transport and Food & Beverage.
– Carlisle Companies Inc ($NYSE:CSL)
The company’s market cap is $12.28B as of 2022 with a ROE of 26.49%. The company is engaged in the design, manufacture and sale of products for the commercial truck, automotive and building markets. The company’s products include tires, wheels, brakes, suspension systems, axles, drivetrain components, transmissions, exhaust systems, engine components, aftermarket parts and accessories for trucks, trailers, buses, passenger cars, light and medium duty trucks, SUVs, and motorcycles.
Summary
Carrier Global Corporation (CARR) is a leading global provider of heating, ventilating, and air conditioning (HVAC) systems, as well as related building solutions. Burgundy Asset Management Ltd. recently sold a large number of CARR shares, causing the company’s stock price to drop significantly. While many investors are concerned about the sale, it is important to consider both the short-term and long-term implications before making a decision. In the short-term, investors should review the reasons for the sale, the impact on the current share price, and the options available for investing.
In the long-term, investors can evaluate the company’s financial position, prospects for growth, and competitive advantages in order to determine whether or not buying or selling CARR shares is a wise decision. Ultimately, investors should make decisions that are in line with their individual goals and risk tolerance levels.
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