Baker Boyer National Bank Makes New Investment in Carrier Global Corporation $CARR

Baker Boyer National Bank acquired a new position in Carrier Global Corporation (NYSE:CARR) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,107 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds also recently modified their holdings of CARR. Nuveen LLC bought a new stake in shares of Carrier Global in the 1st quarter worth approximately $649,512,000. JPMorgan Chase & Co. raised its holdings in shares of Carrier Global by 17.6% in the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock worth $1,973,444,000 after buying an additional 4,668,929 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Carrier Global by 82.6% in the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock worth $613,330,000 after buying an additional 4,377,402 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Carrier Global by 61.9% in the 1st quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company’s stock worth $273,812,000 after buying an additional 1,651,873 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Carrier Global by 23.5% in the 1st quarter. Victory Capital Management Inc. now owns 4,512,774 shares of the company’s stock worth $286,110,000 after buying an additional 857,694 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.4%

Shares of CARR opened at $56.89 on Tuesday. The stock has a fifty day moving average price of $62.83 and a two-hundred day moving average price of $67.16. 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 52-week low of $54.22 and a 52-week high of $83.32. The company has a market cap of $48.41 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.78 and a beta of 1.25.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $6.11 billion during 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 predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global’s payout ratio is 19.61%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CARR shares. Melius started coverage on Carrier Global in a report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 target price for the company. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Morgan Stanley dropped their target price on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Robert W. Baird dropped their target price on Carrier Global from $84.00 to $75.00 in a report on Thursday, September 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.42.

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.