Axxcess Wealth Management LLC Has $5.75 Million Stock Holdings in Carrier Global Corporation $CARR

Axxcess Wealth Management LLC boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 1,018.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 78,497 shares of the company’s stock after purchasing an additional 71,480 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Carrier Global were worth $5,745,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its stake in shares of Carrier Global by 51.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock valued at $88,000 after purchasing an additional 474 shares during the period. Bessemer Group Inc. lifted its stake in shares of Carrier Global by 15.7% in the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company’s stock valued at $1,823,000 after purchasing an additional 3,900 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Carrier Global in the 1st quarter valued at $234,000. Ransom Advisory Ltd acquired a new position in shares of Carrier Global in the 1st quarter valued at $400,000. Finally, Shell Asset Management Co. lifted its stake in shares of Carrier Global by 98.4% in the 2nd quarter. Shell Asset Management Co. now owns 24,160 shares of the company’s stock valued at $1,768,000 after purchasing an additional 11,980 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada cut their price target on Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Oppenheimer downgraded Carrier Global from an “outperform” rating to a “market perform” rating in a research note on Tuesday. The Goldman Sachs Group dropped their price objective on Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 price objective on shares of Carrier Global in a research note on Tuesday, July 15th. Finally, Wolfe Research dropped their price objective on Carrier Global from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.63.

Carrier Global Price Performance

CARR stock opened at $57.48 on Wednesday. The stock has a 50-day moving average price of $62.65 and a two-hundred day moving average price of $67.09. The stock has a market cap of $48.92 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR) last released 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 firm 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. Equities analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

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