WINTON GROUP Ltd Acquires New Holdings in Carrier Global Corporation $CARR

WINTON GROUP Ltd bought a new position in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,703 shares of the company’s stock, valued at approximately $1,076,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CARR. AdvisorShares Investments LLC acquired a new position in shares of Carrier Global during the second quarter worth $25,000. Winnow Wealth LLC acquired a new stake in Carrier Global in the second quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Carrier Global during the 2nd quarter worth $26,000. Traub Capital Management LLC acquired a new position in Carrier Global during the 2nd quarter worth about $27,000. Finally, Accredited Wealth Management LLC acquired a new position in Carrier Global during the 1st quarter worth about $28,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Carrier Global from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Morgan Stanley reduced their target price on Carrier Global from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Royal Bank Of Canada lowered their price target on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Barclays dropped their price target on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on shares of Carrier Global from $62.00 to $59.00 and set an “equal weight” rating for the company in a research report on Thursday, December 4th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $72.25.

Carrier Global Stock Up 0.7%

Carrier Global stock opened at $53.22 on Thursday. The company has a market capitalization of $44.82 billion, a PE ratio of 11.91, a PEG ratio of 2.29 and a beta of 1.30. Carrier Global Corporation has a 12-month low of $50.30 and a 12-month high of $81.09. The firm’s fifty day moving average is $56.13 and its 200 day moving average is $64.43. 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 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.65 billion. Carrier Global had a net margin of 18.05% and a return on equity of 16.65%. The business’s revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, sell-side analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, January 20th will be paid a dividend of $0.24 per share. 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. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. Carrier Global’s dividend payout ratio (DPR) is currently 20.13%.

Carrier Global announced that its board has approved a stock buyback plan on Tuesday, October 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to buy up to 10.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Carrier Global Company 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.