D.A. Davidson & CO. Sells 1,176 Shares of Carrier Global Corporation $CARR

D.A. Davidson & CO. cut its holdings in Carrier Global Corporation (NYSE:CARR) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,383 shares of the company’s stock after selling 1,176 shares during the period. D.A. Davidson & CO.’s holdings in Carrier Global were worth $7,713,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. increased its stake in Carrier Global by 51.4% during the second quarter. Cullen Frost Bankers Inc. now owns 205,154 shares of the company’s stock valued at $15,015,000 after acquiring an additional 69,684 shares during the period. Aurora Investment Counsel increased its stake in Carrier Global by 2.6% during the second quarter. Aurora Investment Counsel now owns 31,154 shares of the company’s stock valued at $2,280,000 after acquiring an additional 794 shares during the period. VCI Wealth Management LLC increased its stake in Carrier Global by 11.3% during the second quarter. VCI Wealth Management LLC now owns 16,166 shares of the company’s stock valued at $1,183,000 after acquiring an additional 1,646 shares during the period. Phoenix Financial Ltd. bought a new position in Carrier Global during the second quarter valued at about $289,000. Finally, Avidian Wealth Enterprises LLC bought a new position in Carrier Global during the second quarter valued at about $274,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CARR. Weiss Ratings restated a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday, October 8th. Melius assumed coverage on Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 price target on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Rothschild & Co Redburn decreased 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. Finally, The Goldman Sachs Group decreased their price objective on Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.67.

Carrier Global Stock Up 0.6%

NYSE CARR opened at $57.08 on Friday. The company has a market capitalization of $48.58 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.86 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $81.09. The stock’s 50 day moving average is $61.44 and its two-hundred day moving average is $66.87.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $6.11 billion for the quarter, compared to the consensus estimate 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. Equities analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 29th. Carrier Global’s payout ratio is presently 19.61%.

About Carrier Global

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.