Carrier Global Corporation $CARR Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC trimmed its holdings in Carrier Global Corporation (NYSE:CARR) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,199 shares of the company’s stock after selling 190 shares during the quarter. Principle Wealth Partners LLC’s holdings in Carrier Global were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of CARR. Golden State Wealth Management LLC lifted its stake in Carrier Global by 51.8% during the first quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock valued at $88,000 after buying an additional 474 shares in the last quarter. Bessemer Group Inc. lifted its stake in Carrier Global by 15.7% during the first quarter. Bessemer Group Inc. now owns 28,768 shares of the company’s stock valued at $1,823,000 after buying an additional 3,900 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in Carrier Global during the first quarter valued at about $400,000. Shell Asset Management Co. lifted its stake in Carrier Global by 98.4% during the second quarter. Shell Asset Management Co. now owns 24,160 shares of the company’s stock valued at $1,768,000 after buying an additional 11,980 shares in the last quarter. Finally, Aberdeen Group plc lifted its stake in Carrier Global by 1.8% during the first quarter. Aberdeen Group plc now owns 717,658 shares of the company’s stock valued at $44,854,000 after buying an additional 12,346 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Carrier Global from $75.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Melius initiated coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 price objective for the company. Oppenheimer lowered shares of Carrier Global from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 14th. Barclays dropped their target price on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Carrier Global in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.67.

Carrier Global Trading Down 5.2%

NYSE:CARR opened at $56.70 on Thursday. The stock’s 50 day moving average price is $61.61 and its 200 day moving average price is $66.87. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $81.09. The company has a market capitalization of $48.25 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.96 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 released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company 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 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 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.