Scientech Research LLC Makes New Investment in Carrier Global Corporation $CARR

Scientech Research LLC acquired a new position in Carrier Global Corporation (NYSE:CARR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,756 shares of the company’s stock, valued at approximately $936,000.

Several other hedge funds have also bought and sold shares of CARR. Park Square Financial Group LLC purchased a new stake in Carrier Global in the 4th quarter worth approximately $28,000. Accredited Wealth Management LLC acquired a new position in shares of Carrier Global during the 1st quarter worth approximately $28,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Carrier Global during the 1st quarter worth approximately $29,000. Mattson Financial Services LLC acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CARR shares. Melius Research raised Carrier Global to a “hold” rating and set a $90.00 target price for the company in a research note on Tuesday, July 1st. 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Royal Bank Of Canada reduced their target price on Carrier Global from $89.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Finally, Citigroup reissued a “buy” rating and issued a $89.00 price objective (up from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.47.

Carrier Global Stock Up 3.1%

Shares of CARR opened at $65.49 on Monday. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a market capitalization of $55.73 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The stock has a fifty day simple moving average of $70.53 and a two-hundred day simple moving average of $68.21. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The business 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. As a group, equities analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 21st were paid a $0.225 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.4%. 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.