Koshinski Asset Management Inc. Has $295,000 Position in Carrier Global Corporation $CARR

Koshinski Asset Management Inc. boosted its holdings in Carrier Global Corporation (NYSE:CARR) by 16.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,029 shares of the company’s stock after acquiring an additional 566 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Carrier Global were worth $295,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Accredited Wealth Management LLC bought a new position in Carrier Global during the 1st quarter valued at $28,000. REAP Financial Group LLC bought a new stake in shares of Carrier Global during the 2nd quarter worth $29,000. Graybill Wealth Management LTD. bought a new stake in shares of Carrier Global during the 1st quarter worth $38,000. Cheviot Value Management LLC bought a new stake in shares of Carrier Global during the 1st quarter worth $38,000. Finally, Richardson Financial Services Inc. raised its stake in shares of Carrier Global by 1,536.6% during the 2nd quarter. Richardson Financial Services Inc. now owns 671 shares of the company’s stock worth $50,000 after purchasing an additional 630 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Zacks Research cut Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Morgan Stanley lowered their target price on Carrier Global from $75.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Wells Fargo & Company lowered their target price on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Oppenheimer cut Carrier Global from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 14th. Finally, Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 price objective on the stock in a research note on Tuesday, July 1st. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Carrier Global currently has a consensus rating of “Hold” and an average target price of $75.67.

Carrier Global Stock Performance

NYSE:CARR opened at $57.64 on Tuesday. The business’s fifty day moving average is $61.94 and its 200 day moving average is $66.99. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $82.18. The firm has a market cap of $49.06 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.85 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.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The firm had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders 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 annualized dividend and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio is currently 19.61%.

Carrier Global Company 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.