Osaic Holdings Inc. Purchases 50,619 Shares of Carrier Global Corporation $CARR

Osaic Holdings Inc. boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 20.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 292,728 shares of the company’s stock after purchasing an additional 50,619 shares during the period. Osaic Holdings Inc.’s holdings in Carrier Global were worth $21,194,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after acquiring an additional 1,850 shares during the last quarter. Versor Investments LP boosted its stake in Carrier Global by 27.7% in the first quarter. Versor Investments LP now owns 4,853 shares of the company’s stock worth $308,000 after purchasing an additional 1,053 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Carrier Global by 11.1% during the first quarter. Wellington Management Group LLP now owns 201,781 shares of the company’s stock worth $12,793,000 after purchasing an additional 20,120 shares during the last quarter. RWA Wealth Partners LLC grew its holdings in shares of Carrier Global by 5.8% during the first quarter. RWA Wealth Partners LLC now owns 5,400 shares of the company’s stock worth $342,000 after purchasing an additional 295 shares during the last quarter. Finally, Maven Securities LTD increased its stake in shares of Carrier Global by 114.0% in the first quarter. Maven Securities LTD now owns 13,909 shares of the company’s stock valued at $882,000 after buying an additional 7,409 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, December 5th. Barclays reduced their target price on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Mizuho lowered their price target on shares of Carrier Global from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Wells Fargo & Company dropped their price objective on shares of Carrier Global from $62.00 to $59.00 and set an “equal weight” rating for the company in a research report on Thursday, December 4th. Finally, The Goldman Sachs Group decreased their price objective on Carrier Global from $72.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.00.

Carrier Global Trading Down 2.0%

Shares of NYSE CARR opened at $52.38 on Thursday. Carrier Global Corporation has a fifty-two week low of $50.30 and a fifty-two week high of $81.09. The firm has a market capitalization of $44.12 billion, a P/E ratio of 11.72, a P/E/G ratio of 2.32 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.75. The company’s 50 day simple moving average is $55.50 and its 200 day simple moving average is $63.79.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, October 28th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. On average, analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.8%. Carrier Global’s payout ratio is currently 20.13%.

Carrier Global declared that its Board of Directors has initiated a share buyback program on Tuesday, October 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 10.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.