Mitsubishi UFJ Trust & Banking Corp Has $24.19 Million Stock Holdings in Carrier Global Corporation $CARR

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,497 shares of the company’s stock after selling 14,972 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Carrier Global were worth $24,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Costello Asset Management INC increased its holdings in shares of Carrier Global by 4.2% in the 2nd quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock valued at $231,000 after purchasing an additional 127 shares during the period. Rehmann Capital Advisory Group boosted its holdings in shares of Carrier Global by 1.3% during the second quarter. Rehmann Capital Advisory Group now owns 12,083 shares of the company’s stock worth $884,000 after purchasing an additional 150 shares during the period. Penobscot Investment Management Company Inc. grew its position in Carrier Global by 0.7% during the second quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock valued at $1,525,000 after purchasing an additional 155 shares in the last quarter. Lindbrook Capital LLC increased its stake in Carrier Global by 1.3% in the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock valued at $779,000 after buying an additional 156 shares during the period. Finally, Abacus Wealth Partners LLC lifted its position in Carrier Global by 4.3% in the 2nd quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company’s stock worth $291,000 after buying an additional 165 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $53.97 on Friday. The stock has a market capitalization of $45.46 billion, a P/E ratio of 12.07, a P/E/G ratio of 2.31 and a beta of 1.30. The business has a 50-day moving average of $58.84 and a two-hundred day moving average of $66.72. Carrier Global Corporation has a fifty-two week low of $53.96 and a fifty-two week high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. The firm’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, equities research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

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

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th will be given a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.7%. Carrier Global’s dividend payout ratio (DPR) is currently 20.13%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of Carrier Global from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Wolfe Research lowered their target price on Carrier Global from $76.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday, October 8th. Mizuho reduced their price target on Carrier Global from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Finally, The Goldman Sachs Group dropped their price objective on Carrier Global from $76.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $72.94.

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.