Courier Capital LLC Has $562,000 Stock Position in Carrier Global Corporation $CARR

Courier Capital LLC reduced its position in Carrier Global Corporation (NYSE:CARR) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,682 shares of the company’s stock after selling 250 shares during the period. Courier Capital LLC’s holdings in Carrier Global were worth $562,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of Carrier Global by 17.6% during the first quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock worth $1,973,444,000 after purchasing an additional 4,668,929 shares during the period. Nuveen LLC acquired a new stake in shares of Carrier Global during the first quarter worth $649,512,000. Brown Advisory Inc. grew its stake in shares of Carrier Global by 82.6% during the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock worth $613,330,000 after purchasing an additional 4,377,402 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Carrier Global by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,968,294 shares of the company’s stock worth $441,790,000 after purchasing an additional 38,233 shares during the period. Finally, PineStone Asset Management Inc. grew its stake in shares of Carrier Global by 12.8% during the second quarter. PineStone Asset Management Inc. now owns 5,300,483 shares of the company’s stock worth $387,942,000 after purchasing an additional 601,967 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CARR shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Carrier Global from $73.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday, October 8th. Morgan Stanley reduced their target price on Carrier Global from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 target price on the stock in a report on Tuesday, July 1st. Finally, Wolfe Research reduced their target price on Carrier Global from $77.00 to $76.00 and set an “outperform” rating on the stock in a report 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. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.63.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $57.48 on Wednesday. The firm 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 stock’s 50-day moving average is $62.65 and its 200-day moving average is $67.09. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80.

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

Carrier Global Dividend Announcement

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

About Carrier Global

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.