Ritholtz Wealth Management Raises Holdings in Carrier Global Corporation $CARR

Ritholtz Wealth Management raised its position in shares of Carrier Global Corporation (NYSE:CARR) by 14.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,539 shares of the company’s stock after buying an additional 571 shares during the period. Ritholtz Wealth Management’s holdings in Carrier Global were worth $332,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Carrier Global by 2.8% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,525 shares of the company’s stock valued at $478,000 after buying an additional 179 shares in the last quarter. Baker Boyer National Bank acquired a new stake in Carrier Global in the second quarter valued at $227,000. RFG Advisory LLC raised its stake in Carrier Global by 14.1% in the second quarter. RFG Advisory LLC now owns 11,698 shares of the company’s stock valued at $856,000 after buying an additional 1,443 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Carrier Global by 1,018.7% in the second quarter. Axxcess Wealth Management LLC now owns 78,497 shares of the company’s stock valued at $5,745,000 after buying an additional 71,480 shares in the last quarter. Finally, Elefante Mark B raised its stake in Carrier Global by 4.9% in the second quarter. Elefante Mark B now owns 44,145 shares of the company’s stock valued at $3,231,000 after buying an additional 2,080 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on CARR shares. Mizuho cut their price target on Carrier Global from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday. Wolfe Research cut their price target on Carrier Global from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company cut their target price on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Melius began coverage on Carrier Global in a research report on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, September 23rd. Eleven 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.67.

Carrier Global Stock Up 2.6%

CARR opened at $57.64 on Tuesday. The business’s 50-day simple moving average is $61.94 and its 200-day simple moving average is $66.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. Carrier Global Corporation has a one year low of $54.22 and a one year high of $82.18. The stock has a market capitalization of $49.06 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 1.85 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, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analysts’ expectations 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. Analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

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