5 Most Undervalued Industrial Stocks To Buy According To Hedge Funds

In this article, we will take a look at the 5 most undervalued industrial stocks to buy according to hedge funds. To see more such companies, go directly to 13 Most Undervalued Industrial Stocks To Buy According To Hedge Funds.

5. Carrier Global Corporation (NYSE:CARR)

Number of Hedge Fund Holders: 42

Heating, ventilation and air conditioning solutions company Carrier Global Corporation (NYSE:CARR) has gained about 6% year to date through February 26. In the fourth quarter, Carrier Global Corporation (NYSE:CARR)’s adjusted EPS came in at $0.40, meeting estimates. Revenue in the quarter fell about 1% on a YoY basis to $5.1 billion, beating estimates by $30 million. For 2023, Carrier Global Corporation (NYSE:CARR) expects its sales to come in at around $22 billion, posting an organic growth of low to mid-single-digit organic growth. The consensus estimate for the sales figure was $20.39 billion.

At the end of the fourth quarter of 2022, 42 hedge funds reported owning stakes in Carrier Global Corporation (NYSE:CARR). The total value of these stakes was about $926 million.