Carrier Global Corporation $CARR Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 54.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,252 shares of the company’s stock after selling 46,324 shares during the period. ABN Amro Investment Solutions’ holdings in Carrier Global were worth $2,343,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. AdvisorShares Investments LLC bought a new stake in shares of Carrier Global during the 2nd quarter worth $25,000. Winnow Wealth LLC acquired a new stake in shares of Carrier Global during the second quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Carrier Global during the second quarter valued at $26,000. Clayton Financial Group LLC acquired a new position in shares of Carrier Global in the 3rd quarter valued at $26,000. Finally, Traub Capital Management LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at $27,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $65.43 on Monday. The firm has a market cap of $54.69 billion, a price-to-earnings ratio of 38.26, a P/E/G ratio of 2.62 and a beta of 1.32. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $56.59 and a 200 day simple moving average of $58.81.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, sell-side analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global declared that its board has authorized a share repurchase plan on Tuesday, October 28th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s payout ratio is 56.14%.

Analysts Set New Price Targets

A number of analysts have commented on CARR shares. Wolfe Research reduced their price objective on shares of Carrier Global from $74.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Mizuho cut their price target on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. UBS Group decreased their price objective on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Robert W. Baird lifted their price objective on shares of Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Argus increased their target price on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, February 9th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average target price of $70.60.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.