Carrier Global Corporation $CARR Shares Bought by InTrack Investment Management Inc

InTrack Investment Management Inc grew its holdings in Carrier Global Corporation (NYSE:CARR) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,477 shares of the company’s stock after purchasing an additional 251 shares during the period. InTrack Investment Management Inc’s holdings in Carrier Global were worth $1,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Carrier Global by 17.6% in the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock valued at $1,973,444,000 after purchasing an additional 4,668,929 shares during the last quarter. Nuveen LLC acquired a new position in shares of Carrier Global in the 1st quarter valued at $649,512,000. Brown Advisory Inc. lifted its stake in shares of Carrier Global by 82.6% in the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock valued at $613,330,000 after purchasing an additional 4,377,402 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Carrier Global by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,968,294 shares of the company’s stock valued at $441,790,000 after purchasing an additional 38,233 shares during the last quarter. Finally, PineStone Asset Management Inc. lifted its stake in shares of Carrier Global by 12.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 5,300,483 shares of the company’s stock valued at $387,942,000 after purchasing an additional 601,967 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CARR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday. Barclays cut their price objective on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Rothschild & Co Redburn cut their price objective on Carrier Global from $76.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Wolfe Research cut their price objective on Carrier Global from $91.00 to $77.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 price objective on shares of Carrier Global in a report on Tuesday, July 15th. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.47.

Carrier Global Price Performance

Shares of NYSE CARR opened at $59.79 on Thursday. The stock’s 50-day moving average is $63.44 and its two-hundred day moving average is $67.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a market cap of $50.88 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25.

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

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio is currently 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.