Carrier Global Corporation $CARR Shares Purchased by Financial Perspectives Inc

Financial Perspectives Inc increased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 24.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,773 shares of the company’s stock after acquiring an additional 1,511 shares during the period. Financial Perspectives Inc’s holdings in Carrier Global were worth $569,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Accredited Wealth Management LLC acquired a new stake in Carrier Global during the first quarter worth about $28,000. REAP Financial Group LLC acquired a new stake in Carrier Global in the second quarter valued at approximately $29,000. Graybill Wealth Management LTD. acquired a new stake in Carrier Global in the first quarter valued at approximately $38,000. Cheviot Value Management LLC acquired a new stake in Carrier Global in the first quarter valued at approximately $38,000. Finally, Richardson Financial Services Inc. grew its holdings in Carrier Global by 1,536.6% in the second quarter. Richardson Financial Services Inc. now owns 671 shares of the company’s stock valued at $50,000 after purchasing an additional 630 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CARR has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a report on Wednesday, October 8th. Melius Research raised Carrier Global to a “hold” rating and set a $90.00 price objective on the stock in a report on Tuesday, July 1st. 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 report on Wednesday, October 8th. Melius initiated coverage on Carrier Global in a report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price objective on the stock. Finally, Oppenheimer lowered Carrier Global from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $75.67.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $56.21 on Monday. 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’s 50 day moving average price is $62.09 and its 200-day moving average price is $66.99. The firm has a market capitalization of $47.84 billion, a PE ratio of 12.25, a P/E/G ratio of 1.85 and a beta of 1.25. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $82.18.

Carrier Global (NYSE:CARR) last issued its quarterly 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 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. As a group, equities research analysts expect that Carrier Global Corporation will post 2.99 earnings per share 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 given a dividend of $0.225 per share. The ex-dividend date is Wednesday, October 29th. This represents a $0.90 dividend on an annualized basis and a yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) 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.