Carrier Global Corporation (NYSE:CARR) has been a focal point for various investment firms, both bullish and bearish. The company's stock has underperformed compared to competitors on multiple occasions, but has also outperformed on strong trading days. The company has garnered attention for its sustainable development leadership, receiving the 2024 WEC Gold Medal for Corporate Sustainability. However, concerns about profit-quality issues and underwhelming performance in Q3 earnings and revenue estimates have emerged.
Frequent movements in the company's stock have been observed with various entities bolstering, selling, and acquiring substantial holdings. Firm Mizuho Securities USA LLC reportedly holds over $79 million in Carrier Global Co. shares, while Oppenheimer & Co. Inc. has increased its holdings. Other notable investors include Lifeworks Advisors LLC, Hartline Investment Corp, and Broderick Brian C.
Research insights suggest a 'moderate buy' rating from analysts. This assertion appears to contrast with news of senior VP selling $12.3 million in stock and other insiders selling off an estimated US$11m. A notable reputational boost comes from Carrier's prioritization of sustainability, with an outstanding response to its decarbonization efforts. Some of the firm's major moves have concerned selling off parts of its business, including a $4.95B sale of its Global Access Solutions Business and a $1.425B sale of its Industrial Fire Business. Further, it has boosted its stock buyback program by $3 billion.
Carrier Global Corporation CARR News Analytics from Tue, 05 Mar 2024 08:00:00 GMT to Sat, 16 Nov 2024 21:50:42 GMT - Rating 3 - Innovation 2 - Information 7 - Rumor -3
