Carrier Global Corporation (NYSE:CARR) has witnessed significant business activities, with mixed performance when compared to competitors across several trading days. The company reported
strong results for 2023 and 2024's first quarter. Institutional investors have shown increased interest, with entities like
PineStone Asset Management, Dai ichi Life Insurance Company, and AMG National Trust Bank
amplifying their stakes.
On the financial maneuvers, Carrier has announced the closure of €2.35 billion and $3 billion notes offerings and a
new credit facility to improve liquidity. It also declared its
quarterly cash dividend multiple times. The strategic corporate actions include the divestiture of its
Industrial Fire and Global Access Solutions businesses, but there is also bolstering of the portfolio via the acquisition of
Viessmann Climate Solutions USA.
The company is also eyeing the future with a favorable 2024 outlook. It is aligning
innovations and potential partnerships with firms like Montana Technologies for carbon-reducing cooling technology. Despite uncertainty around Carrier's near-term outlook, investors point to its upside potential.
Carrier Global Corporation CARR News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Fri, 24 May 2024 00:27:18 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 8
