Carrier Global Corporation $CARR Stock Holdings Raised by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH raised its stake in Carrier Global Corporation (NYSE:CARR) by 18.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 23,307 shares of the company’s stock after acquiring an additional 3,620 shares during the period. Trust Co. of Toledo NA OH’s holdings in Carrier Global were worth $1,706,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts recently commented on CARR shares. Melius began coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price for the company. Rothschild & Co Redburn dropped their price objective on shares of Carrier Global from $76.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company dropped their price objective on shares of Carrier Global from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Mizuho dropped their price target on shares of Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Finally, Robert W. Baird lowered their target price on shares of Carrier Global from $84.00 to $75.00 in a research note on Thursday, September 11th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average price target of $78.42.

Carrier Global Stock Down 2.5%

Shares of NYSE:CARR opened at $56.63 on Friday. The stock has a market cap of $48.19 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.81 and a beta of 1.25. The company has a 50 day moving average of $63.02 and a 200-day moving average of $67.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $0.90 annualized dividend and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio is 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.