Cutler Investment Counsel LLC Sells 651 Shares of Carrier Global Corporation $CARR

Cutler Investment Counsel LLC lowered its position in Carrier Global Corporation (NYSE:CARR) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,169 shares of the company’s stock after selling 651 shares during the quarter. Carrier Global makes up about 1.2% of Cutler Investment Counsel LLC’s portfolio, making the stock its 26th biggest position. Cutler Investment Counsel LLC’s holdings in Carrier Global were worth $11,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Elefante Mark B grew 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 worth $3,231,000 after purchasing an additional 2,080 shares in the last quarter. NorthRock Partners LLC grew its stake in Carrier Global by 7.2% in the second quarter. NorthRock Partners LLC now owns 17,326 shares of the company’s stock worth $1,268,000 after purchasing an additional 1,158 shares in the last quarter. Delaney Dennis R grew its stake in Carrier Global by 6.3% in the second quarter. Delaney Dennis R now owns 55,005 shares of the company’s stock worth $4,026,000 after purchasing an additional 3,250 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Carrier Global by 6.5% in the second quarter. Sequoia Financial Advisors LLC now owns 19,467 shares of the company’s stock worth $1,425,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Pegasus Asset Management Inc. grew its stake in Carrier Global by 1.2% in the second quarter. Pegasus Asset Management Inc. now owns 82,423 shares of the company’s stock worth $6,033,000 after purchasing an additional 1,013 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR stock opened at $56.89 on Tuesday. The firm has a market capitalization of $48.41 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The business has a fifty day moving average of $62.83 and a 200 day moving average of $67.16. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32.

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. The company had revenue of $6.11 billion during the quarter, compared to analyst estimates 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, research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CARR shares. Wells Fargo & Company dropped their price objective on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. The Goldman Sachs Group dropped their target price on Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Royal Bank Of Canada dropped their target price on Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Finally, Melius assumed 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. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $78.42.

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.