J.W. Cole Advisors Inc. Buys 2,038 Shares of Carrier Global Corporation $CARR

J.W. Cole Advisors Inc. lifted its position in Carrier Global Corporation (NYSE:CARR) by 5.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,325 shares of the company’s stock after purchasing an additional 2,038 shares during the period. J.W. Cole Advisors Inc.’s holdings in Carrier Global were worth $3,025,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CARR. Costello Asset Management INC lifted its holdings in shares of Carrier Global by 4.2% in the 2nd quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock worth $231,000 after buying an additional 127 shares during the period. Rehmann Capital Advisory Group lifted its stake in Carrier Global by 1.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,083 shares of the company’s stock worth $884,000 after acquiring an additional 150 shares during the period. Penobscot Investment Management Company Inc. lifted its stake in Carrier Global by 0.7% in the second quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock worth $1,525,000 after acquiring an additional 155 shares during the period. Abacus Wealth Partners LLC grew its holdings in Carrier Global by 4.3% during the 2nd quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company’s stock worth $291,000 after acquiring an additional 165 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its position in Carrier Global by 1.0% during the 2nd quarter. Kingsview Wealth Management LLC now owns 17,110 shares of the company’s stock valued at $1,252,000 after purchasing an additional 165 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of NYSE CARR opened at $54.44 on Thursday. Carrier Global Corporation has a fifty-two week low of $50.30 and a fifty-two week high of $81.09. The company has a market cap of $45.85 billion, a PE ratio of 12.18, a P/E/G ratio of 2.34 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.14. The business has a 50-day simple moving average of $57.26 and a two-hundred day simple moving average of $65.80.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. The firm had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.65 billion. Carrier Global had a net margin of 18.05% and a return on equity of 16.65%. Carrier Global’s revenue was down 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.7%. Carrier Global’s payout ratio is 20.13%.

Carrier Global announced that its Board of Directors has approved a share buyback program on Tuesday, October 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CARR shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carrier Global in a research report on Thursday, September 11th. Mizuho lowered their target price on Carrier Global from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Rothschild & Co Redburn increased their target price on Carrier Global from $66.00 to $67.00 in a research report on Thursday, October 30th. Barclays reduced their price target 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. Finally, Royal Bank Of Canada dropped their price objective on Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.94.

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.