REAP Financial Group LLC Makes New Investment in Carrier Global Corporation $CARR

REAP Financial Group LLC acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 396 shares of the company’s stock, valued at approximately $29,000.

Several other hedge funds have also recently bought and sold shares of the stock. Accredited Wealth Management LLC acquired a new stake in shares of Carrier Global in the first quarter valued at approximately $28,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Carrier Global in the first quarter valued at approximately $29,000. Graybill Wealth Management LTD. acquired a new stake in shares of Carrier Global in the first quarter valued at approximately $38,000. Cheviot Value Management LLC acquired a new stake in shares of Carrier Global in the first quarter valued at approximately $38,000. Finally, ORG Partners LLC raised its position in shares of Carrier Global by 192.2% in the second quarter. ORG Partners LLC now owns 754 shares of the company’s stock valued at $56,000 after buying an additional 496 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CARR shares. Citigroup dropped their price target on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday. The Goldman Sachs Group decreased their price objective on shares of Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Finally, Robert W. Baird decreased their price objective on shares of Carrier Global from $84.00 to $75.00 in a research note on Thursday, September 11th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.47.

Carrier Global Stock Performance

NYSE CARR opened at $59.79 on Thursday. The firm’s fifty day moving average price is $63.44 and its two-hundred day moving average price is $67.34. The stock has a market cap of $50.88 billion, a PE ratio of 13.03, a PEG ratio of 1.84 and a beta of 1.25. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio is presently 19.61%.

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.