Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Sells 51,910 Shares of Carrier Global Corporation $CARR

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lessened its holdings in Carrier Global Corporation (NYSE:CARR) by 50.0% in the second quarter, HoldingsChannel reports. The fund owned 51,912 shares of the company’s stock after selling 51,910 shares during the period. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in Carrier Global were worth $3,802,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. AlTi Global Inc. boosted its position in shares of Carrier Global by 25.6% in the second quarter. AlTi Global Inc. now owns 5,255 shares of the company’s stock valued at $385,000 after acquiring an additional 1,072 shares during the period. Cardinal Point Capital Management ULC bought a new stake in Carrier Global during the second quarter worth about $480,000. Carnegie Investment Counsel lifted its position in Carrier Global by 18.3% during the second quarter. Carnegie Investment Counsel now owns 5,807 shares of the company’s stock worth $425,000 after purchasing an additional 900 shares during the period. FSM Wealth Advisors LLC lifted its position in Carrier Global by 40.6% during the second quarter. FSM Wealth Advisors LLC now owns 10,285 shares of the company’s stock worth $768,000 after purchasing an additional 2,972 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in Carrier Global by 4.7% during the second quarter. Bleakley Financial Group LLC now owns 56,320 shares of the company’s stock worth $4,122,000 after purchasing an additional 2,526 shares during the period. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer cut shares of Carrier Global from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 14th. Melius started coverage on Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price for the company. Zacks Research downgraded Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. lowered their target price on Carrier Global from $76.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Finally, Barclays lowered their target price on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $75.67.

Carrier Global Price Performance

Carrier Global stock opened at $57.08 on Friday. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $81.09. The stock’s 50 day moving average price is $61.44 and its two-hundred day moving average price is $66.87. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The stock has a market capitalization of $48.58 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.86 and a beta of 1.25.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, equities analysts predict 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. Stockholders of record on Wednesday, October 29th will be given 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 dividend payout ratio (DPR) is 19.61%.

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.