Vontobel Holding Ltd. Has $36.16 Million Position in Carrier Global Corporation $CARR

Vontobel Holding Ltd. lowered its position in Carrier Global Corporation (NYSE:CARR) by 18.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 493,993 shares of the company’s stock after selling 108,400 shares during the quarter. Vontobel Holding Ltd.’s holdings in Carrier Global were worth $36,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Penobscot Investment Management Company Inc. raised its holdings in shares of Carrier Global by 0.7% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock worth $1,525,000 after purchasing an additional 155 shares during the period. Lindbrook Capital LLC increased its position in Carrier Global by 1.3% in the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock worth $779,000 after buying an additional 156 shares during the last quarter. Code Waechter LLC increased its position in Carrier Global by 5.1% in the first quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock worth $214,000 after buying an additional 164 shares during the last quarter. Abacus Wealth Partners LLC increased its position in Carrier Global by 4.3% in the second quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company’s stock worth $291,000 after buying an additional 165 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Carrier Global by 2.9% in the first quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company’s stock worth $424,000 after buying an additional 168 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, September 23rd. Morgan Stanley reduced their price objective on shares of Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. The Goldman Sachs Group cut their price target on Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a report on Friday, September 12th. Oppenheimer dropped their price objective on Carrier Global from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, September 17th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $78.47.

Carrier Global Price Performance

CARR stock opened at $59.79 on Thursday. 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 Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The firm’s fifty day moving average is $63.44 and its 200 day moving average is $67.34. The firm has a market cap of $50.88 billion, a P/E ratio of 13.03, a P/E/G ratio of 1.84 and a beta of 1.25.

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

Carrier Global Announces Dividend

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

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.