Carrier Global Corporation $CARR Shares Sold by Family Capital Trust Co

Family Capital Trust Co reduced its stake in shares of Carrier Global Corporation (NYSE:CARR) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,895 shares of the company’s stock after selling 260 shares during the period. Carrier Global accounts for about 1.7% of Family Capital Trust Co’s holdings, making the stock its 19th biggest position. Family Capital Trust Co’s holdings in Carrier Global were worth $5,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of CARR. Brighton Jones LLC raised its position in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Carrier Global by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 16,698 shares of the company’s stock worth $1,059,000 after purchasing an additional 1,878 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Carrier Global by 31.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,654 shares of the company’s stock worth $105,000 after purchasing an additional 395 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Carrier Global during the 1st quarter worth approximately $234,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Carrier Global by 78.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 60,565 shares of the company’s stock worth $3,840,000 after purchasing an additional 26,594 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wolfe Research cut their price objective on Carrier Global from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Zacks Research cut shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Mizuho lowered their target price on shares of Carrier Global from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday. Oppenheimer cut shares of Carrier Global from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company lowered their target price on shares of Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $75.67.

Carrier Global Stock Down 1.0%

Shares of NYSE CARR opened at $56.21 on Monday. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $82.18. The firm has a fifty day moving average of $62.09 and a 200-day moving average of $66.99. The stock 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. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 analysts’ expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

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