Gateway Investment Advisers LLC Decreases Stake in Carrier Global Co. by 1.6% in Q1
June 23, 2023
🌥️Trending News
It is one of the largest providers of these solutions for a variety of industries, ranging from commercial businesses to residential homes. According to Gateway Investment Advisers LLC’s recent disclosure with the SEC, the firm has decreased its stake in Carrier Global ($NYSE:CARR) Co. by 1.6% during the first quarter. While the precise reasons for this move remain undisclosed, it appears that Gateway Investment Advisers LLC is taking a conservative stance as it seeks to find the best possible investments for its clients. It is worth noting that despite this decrease in stake, Gateway Investment Advisers LLC still owns a sizable amount of Carrier Global Co.’s stock.
This could indicate that Gateway Investment Advisers LLC still has faith in the company’s potential and future prospects. Moreover, the firm could be taking a more cautious approach to investing as the markets continue to be volatile due to ongoing pandemic-related uncertainty. Overall, it appears that Gateway Investment Advisers LLC’s recent decision to decrease their stake in Carrier Global Co. by 1.6% is likely a prudent move as they look to maximize returns for their clients in an uncertain market environment.
Analysis
At GoodWhale, we take a deep dive into the financials of CARRIER GLOBAL in order to help investors determine the best course of action for their investments. Our analysis through the Star Chart reveals that CARRIER GLOBAL is strong in profitability, medium in dividend and weak in asset & growth. Based on this information, we classified CARRIER GLOBAL as a ‘cow’. This type of company typically has a track record of paying out consistent and sustainable dividends, making them ideal for those investors looking for stable long-term returns. In addition, our analysis also revealed that CARRIER GLOBAL has a high health score of 8/10 with regard to its cashflows and debt, giving investors the assurance that the company is capable to safely ride out any crisis without the risk of bankruptcy. More…
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 |
| 21.04k | 2.53k | 12.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carrier Global. More…
| Operations | Investing | Financing |
| 2.06k | -1.18k | -1.12k |
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 |
| 26.41k | 17.94k | 8.55 |
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 |
| 5.0% | 3.3% | 15.9% |
| FCF Margin | ROE | ROA |
| 8.1% | 26.2% | 7.9% |
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 Co. has been under the scrutiny of investors, with Gateway Investment Advisers LLC decreasing its holdings in the company by 1.6% in the first quarter. Analysts have been studying the stock’s performance and upcoming prospects to determine whether it is a good investment. While some are optimistic about the potential for growth, others remain cautious due to the uncertainties in the global economy. Although risk remains, investors should consider the company’s financials, competitive environment, and long-term strategy before making investment decisions.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
