AlTi Global Inc. Has $385,000 Stock Holdings in Carrier Global Corporation $CARR

AlTi Global Inc. raised its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 25.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,255 shares of the company’s stock after purchasing an additional 1,072 shares during the quarter. AlTi Global Inc.’s holdings in Carrier Global were worth $385,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Cardinal Point Capital Management ULC acquired a new stake in Carrier Global during the 2nd quarter valued at $480,000. Carnegie Investment Counsel grew its holdings in shares of Carrier Global by 18.3% during the 2nd quarter. Carnegie Investment Counsel now owns 5,807 shares of the company’s stock worth $425,000 after purchasing an additional 900 shares in the last quarter. FSM Wealth Advisors LLC grew its holdings in shares of Carrier Global by 40.6% during the 2nd quarter. FSM Wealth Advisors LLC now owns 10,285 shares of the company’s stock worth $768,000 after purchasing an additional 2,972 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Carrier Global by 4.7% in the second quarter. Bleakley Financial Group LLC now owns 56,320 shares of the company’s stock valued at $4,122,000 after buying an additional 2,526 shares in the last quarter. Finally, Freedom Investment Management Inc. acquired a new stake in Carrier Global in the second quarter valued at about $264,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 target price for the company in a research report on Tuesday, July 1st. Citigroup dropped their target price on Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Carrier Global in a research report on Friday. Wells Fargo & Company dropped their target price on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Finally, Barclays dropped their target price on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Eleven investment 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. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Hold” and a consensus price target of $75.67.

Carrier Global Price Performance

Shares of CARR opened at $57.92 on Friday. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The company has a market capitalization of $49.29 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The business has a 50-day moving average of $61.29 and a 200-day moving average of $66.97.

Carrier Global (NYSE:CARR) last issued 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 business had revenue of $6.11 billion during 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. As a group, equities research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders 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 yield of 1.6%. The ex-dividend date is Wednesday, October 29th. Carrier Global’s payout ratio is presently 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.