Amundi Has $139.74 Million Holdings in Carrier Global Corporation $CARR

Amundi cut its holdings in Carrier Global Corporation (NYSE:CARR) by 19.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,856,762 shares of the company’s stock after selling 453,440 shares during the period. Amundi owned approximately 0.22% of Carrier Global worth $139,740,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CARR. Nuveen LLC acquired a new stake in shares of Carrier Global in the first quarter worth about $649,512,000. JPMorgan Chase & Co. increased its holdings in shares of Carrier Global by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock valued at $2,820,485,000 after acquiring an additional 7,409,432 shares during the last quarter. Norges Bank bought a new position in shares of Carrier Global in the 2nd quarter valued at approximately $524,939,000. Artisan Partners Limited Partnership lifted its holdings in Carrier Global by 63.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,952,738 shares of the company’s stock worth $362,491,000 after purchasing an additional 1,924,804 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Carrier Global by 61.9% in the 1st quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company’s stock worth $273,812,000 after purchasing an additional 1,651,873 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CARR has been the topic of several analyst reports. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Citigroup decreased their price objective on shares of Carrier Global from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. Rothschild & Co Redburn boosted their target price on shares of Carrier Global from $66.00 to $67.00 in a research report on Thursday, October 30th. Finally, Wolfe Research decreased their price target on shares of Carrier Global from $76.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.44.

Carrier Global Stock Down 0.5%

CARR stock opened at $54.25 on Monday. Carrier Global Corporation has a twelve month low of $50.30 and a twelve month high of $81.09. The company has a market cap of $45.69 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. The business’s 50-day simple moving average is $56.51 and its 200 day simple moving average is $64.77. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.The firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. On average, research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, January 20th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.8%. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, January 20th. Carrier Global’s dividend payout ratio (DPR) is 20.13%.

Carrier Global announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Carrier Global Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.