Carrier Global Corporation $CARR Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel lifted its holdings in Carrier Global Corporation (NYSE:CARR) by 18.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,807 shares of the company’s stock after purchasing an additional 900 shares during the period. Carnegie Investment Counsel’s holdings in Carrier Global were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CARR. JPMorgan Chase & Co. boosted its holdings in shares of Carrier Global by 17.6% during the first quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock worth $1,973,444,000 after purchasing an additional 4,668,929 shares during the period. Nuveen LLC bought a new position in shares of Carrier Global in the first quarter valued at approximately $649,512,000. Brown Advisory Inc. raised its position in shares of Carrier Global by 82.6% in the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Carrier Global by 0.6% in the first 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 period. Finally, PineStone Asset Management Inc. raised its position in shares of Carrier Global by 12.8% in the second 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 period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of CARR stock opened at $57.92 on Monday. 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 $49.29 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The company’s 50 day moving average price is $61.29 and its two-hundred day moving average price is $67.01. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $81.09.

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 firm had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business 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 dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, October 29th. Carrier Global’s dividend payout ratio (DPR) is 19.61%.

Analyst Upgrades and Downgrades

CARR has been the subject of several research analyst reports. Barclays cut their target price on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Melius started coverage on shares of Carrier Global in a report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 target price on the stock. Morgan Stanley lowered their target price on shares of Carrier Global from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Zacks Research lowered shares of Carrier Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Finally, Wolfe Research decreased their price objective on shares of Carrier Global from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Eleven 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, Carrier Global presently has a consensus rating of “Hold” and a consensus target price of $75.67.

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.