Belpointe Asset Management LLC Takes Position in Carrier Global Corporation $CARR

Belpointe Asset Management LLC purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,807 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC grew its stake in shares of Carrier Global by 51.8% in the first quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock worth $88,000 after acquiring an additional 474 shares in the last quarter. Bessemer Group Inc. lifted its position in Carrier Global by 15.7% in the first quarter. Bessemer Group Inc. now owns 28,768 shares of the company’s stock valued at $1,823,000 after acquiring an additional 3,900 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Carrier Global in the first quarter valued at $234,000. Ransom Advisory Ltd purchased a new stake in Carrier Global in the first quarter valued at $400,000. Finally, Aberdeen Group plc lifted its position in Carrier Global by 1.8% in the first quarter. Aberdeen Group plc now owns 717,658 shares of the company’s stock valued at $44,854,000 after acquiring an additional 12,346 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 2.5%

Shares of Carrier Global stock opened at $56.63 on Friday. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The company’s 50-day simple moving average is $63.02 and its 200-day simple moving average is $67.19. The firm has a market cap of $48.19 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, October 29th. Carrier Global’s payout ratio is 19.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a research report on Wednesday. Barclays reduced their price target on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a research report on Thursday, September 11th. Wolfe Research reduced their target price on shares of Carrier Global from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Melius began coverage on shares of Carrier Global in a report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $78.42.

Carrier Global Company 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.