Carrier Global Corporation $CARR Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its holdings in Carrier Global Corporation (NYSE:CARR) by 3.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 263,155 shares of the company’s stock after selling 10,434 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Carrier Global were worth $19,260,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CARR. Vanguard Group Inc. increased its stake in Carrier Global by 0.5% in the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock valued at $6,833,980,000 after purchasing an additional 450,594 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Carrier Global by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock valued at $2,820,485,000 after buying an additional 7,409,432 shares in the last quarter. Nuveen LLC acquired a new position in shares of Carrier Global in the 1st quarter valued at $649,512,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Carrier Global by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,968,294 shares of the company’s stock valued at $441,790,000 after buying an additional 38,233 shares during the last quarter. Finally, Fiera Capital Corp raised its stake in Carrier Global by 1.3% during the 2nd quarter. Fiera Capital Corp now owns 6,800,690 shares of the company’s stock worth $497,742,000 after acquiring an additional 86,873 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 4.0%

CARR opened at $52.36 on Friday. Carrier Global Corporation has a 52 week low of $50.30 and a 52 week high of $81.09. The business has a 50 day moving average price of $57.71 and a two-hundred day moving average price of $66.16. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.76. The company has a market cap of $44.10 billion, a PE ratio of 11.71, a P/E/G ratio of 2.27 and a beta of 1.30.

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

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.90 annualized dividend and a dividend yield of 1.7%. Carrier Global’s payout ratio is presently 20.13%.

Carrier Global declared that its board has initiated a stock repurchase program on Tuesday, October 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to purchase up to 10.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CARR shares. Weiss Ratings downgraded shares of Carrier Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, November 17th. Oppenheimer reissued a “market perform” rating on shares of Carrier Global in a report on Wednesday, October 29th. Citigroup dropped their price target on Carrier Global from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Rothschild & Co Redburn lifted their price target on Carrier Global from $66.00 to $67.00 in a research report on Thursday, October 30th. Finally, Morgan Stanley decreased their price objective on Carrier Global from $75.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.94.

About Carrier Global

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.