Whittier Trust Co. of Nevada Inc. Lowers Stock Holdings in Carrier Global Corporation $CARR

Whittier Trust Co. of Nevada Inc. reduced its position in shares of Carrier Global Corporation (NYSE:CARR) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,263 shares of the company’s stock after selling 657 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Carrier Global were worth $2,947,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Aurora Investment Counsel boosted its position in shares of Carrier Global by 2.6% during the second quarter. Aurora Investment Counsel now owns 31,154 shares of the company’s stock worth $2,280,000 after buying an additional 794 shares during the period. VCI Wealth Management LLC boosted its position in shares of Carrier Global by 11.3% during the second quarter. VCI Wealth Management LLC now owns 16,166 shares of the company’s stock worth $1,183,000 after buying an additional 1,646 shares during the period. Phoenix Financial Ltd. purchased a new position in shares of Carrier Global during the second quarter worth $289,000. Avidian Wealth Enterprises LLC purchased a new position in shares of Carrier Global during the second quarter worth $274,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Carrier Global by 6.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,336,403 shares of the company’s stock valued at $98,646,000 after purchasing an additional 79,870 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Oppenheimer lowered Carrier Global from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Carrier Global in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on Carrier Global from $76.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Rothschild & Co Redburn decreased their target price on Carrier Global from $76.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Finally, Robert W. Baird decreased their target price on Carrier Global from $84.00 to $75.00 in a report on Thursday, September 11th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.67.

Carrier Global Stock Up 3.8%

Carrier Global stock opened at $59.84 on Wednesday. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $81.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The company has a market capitalization of $50.92 billion, a P/E ratio of 13.04, a PEG ratio of 1.89 and a beta of 1.25. The stock has a 50-day simple moving average of $61.82 and a 200-day simple moving average of $66.94.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating 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 business had revenue of $6.11 billion during 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. Equities research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, October 29th. 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.