Schnieders Capital Management LLC Acquires 4,277 Shares of Carrier Global Corporation $CARR

Schnieders Capital Management LLC grew its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 33.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,967 shares of the company’s stock after purchasing an additional 4,277 shares during the quarter. Schnieders Capital Management LLC’s holdings in Carrier Global were worth $1,242,000 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. Accredited Wealth Management LLC bought a new position in shares of Carrier Global during the 1st quarter valued at $28,000. REAP Financial Group LLC bought a new position in shares of Carrier Global during the 2nd quarter valued at $29,000. Graybill Wealth Management LTD. bought a new position in shares of Carrier Global during the 1st quarter valued at $38,000. Cheviot Value Management LLC bought a new position in shares of Carrier Global during the 1st quarter valued at $38,000. Finally, Richardson Financial Services Inc. raised its holdings in shares of Carrier Global by 1,536.6% during the 2nd quarter. Richardson Financial Services Inc. now owns 671 shares of the company’s stock valued at $50,000 after purchasing an additional 630 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $56.21 on Monday. The firm’s 50-day moving average is $62.09 and its 200-day moving average is $66.99. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $82.18. 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 company has a market cap of $47.84 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.85 and a beta of 1.25.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.11 billion for 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. Equities research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, October 29th. Carrier Global’s payout ratio is 19.61%.

Analyst Ratings Changes

CARR has been the topic of a number of research analyst reports. Zacks Research lowered shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Melius initiated coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They issued a “hold” rating and a $90.00 target price on the stock. Mizuho lowered their target price on shares of Carrier Global from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday. Oppenheimer lowered shares of Carrier Global from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, September 23rd. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Carrier Global has an average rating of “Hold” and an average target price of $75.67.

About Carrier Global

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.