Cwm LLC Acquires 1,777 Shares of Carrier Global Corporation $CARR

Cwm LLC grew its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,899 shares of the company’s stock after purchasing an additional 1,777 shares during the quarter. Cwm LLC’s holdings in Carrier Global were worth $4,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CARR. Costello Asset Management INC boosted its position in Carrier Global by 4.2% in the second quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock valued at $231,000 after buying an additional 127 shares in the last quarter. Penobscot Investment Management Company Inc. raised its stake in shares of 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 last quarter. Lindbrook Capital LLC raised its stake in shares of Carrier Global by 1.3% in the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock worth $779,000 after acquiring an additional 156 shares during the last quarter. Code Waechter LLC raised its stake in shares of Carrier Global by 5.1% in the first quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock worth $214,000 after acquiring an additional 164 shares during the last quarter. Finally, Abacus Wealth Partners LLC raised its stake in shares of Carrier Global by 4.3% in the second quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company’s stock worth $291,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 1.0%

CARR opened at $56.64 on Friday. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $82.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The company has a market cap of $48.20 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The firm has a 50 day simple moving average of $62.28 and a 200 day simple moving average of $66.98.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 29th. Carrier Global’s dividend payout ratio is presently 19.61%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CARR. Mizuho dropped their target price on shares of Carrier Global from $88.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Morgan Stanley dropped their target price on shares of Carrier Global from $75.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday. Melius Research raised shares of Carrier Global to a “hold” rating and set a $90.00 target price for the company in a research note on Tuesday, July 1st. Citigroup dropped their target price on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Carrier Global from $73.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, September 23rd. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Hold” and an average target price of $76.68.

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.