Carrier Global Corporation $CARR Stake Lifted by Massachusetts Wealth Management

Massachusetts Wealth Management increased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,160 shares of the company’s stock after buying an additional 560 shares during the quarter. Massachusetts Wealth Management’s holdings in Carrier Global were worth $1,549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Penobscot Investment Management Company Inc. grew its holdings in Carrier Global by 0.7% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock valued at $1,525,000 after buying an additional 155 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Carrier Global by 1.3% in the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock valued at $779,000 after buying an additional 156 shares during the last quarter. Code Waechter LLC lifted its position in shares of Carrier Global by 5.1% in the 1st 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 period. Abacus Wealth Partners LLC lifted its position in shares of Carrier Global by 4.3% in the 2nd 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 period. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Carrier Global by 2.9% during the 1st quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company’s stock worth $424,000 after buying an additional 168 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Carrier Global in a research report on Thursday, September 11th. Melius Research raised Carrier Global to a “hold” rating and set a $90.00 price objective for the company in a research note on Tuesday, July 1st. Robert W. Baird decreased their price objective on Carrier Global from $84.00 to $75.00 in a research note on Thursday, September 11th. Royal Bank Of Canada decreased their target price on Carrier Global from $87.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Mizuho cut their price target on Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $78.47.

Carrier Global Stock Performance

CARR opened at $59.79 on Thursday. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The firm has a market capitalization of $50.88 billion, a PE ratio of 13.03, a PEG ratio of 1.84 and a beta of 1.25. 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 business’s 50-day simple moving average is $63.44 and its 200 day simple moving average is $67.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders 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 yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is presently 19.61%.

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.