Carrier Global Corporation $CARR Stake Lessened by Community Bank N.A.

Community Bank N.A. lessened its stake in Carrier Global Corporation (NYSE:CARR) by 28.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,050 shares of the company’s stock after selling 825 shares during the period. Community Bank N.A.’s holdings in Carrier Global were worth $150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Costello Asset Management INC increased its stake in shares of Carrier Global by 4.2% in the second quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock worth $231,000 after buying an additional 127 shares during the last quarter. Penobscot Investment Management Company Inc. increased its stake in shares of Carrier Global by 0.7% in the second quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock worth $1,525,000 after buying an additional 155 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Carrier Global by 1.3% in the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock worth $779,000 after buying an additional 156 shares during the last quarter. Code Waechter LLC boosted its holdings in Carrier Global by 5.1% in the first quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock worth $214,000 after purchasing an additional 164 shares during the period. Finally, Abacus Wealth Partners LLC boosted its holdings in Carrier Global by 4.3% in the second quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company’s stock worth $291,000 after purchasing an additional 165 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on CARR shares. Wells Fargo & Company decreased their price objective on shares of Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Barclays decreased their price objective on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $79.00 price objective on shares of Carrier Global in a report on Tuesday, July 15th. Wolfe Research decreased their price objective on shares of Carrier Global from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of Carrier Global from $87.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, September 12th. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $77.63.

Carrier Global Stock Performance

Shares of CARR opened at $57.48 on Wednesday. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a market cap of $48.92 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 1.83 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 firm has a fifty day moving average of $62.65 and a 200-day moving average of $67.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The company 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 anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current 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 issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.90 annualized dividend and a yield of 1.6%. Carrier Global’s dividend payout ratio 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.