Carrier Global Corporation $CARR Position Lessened by Curat Global LLC

Curat Global LLC trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 63.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 435 shares of the company’s stock after selling 750 shares during the period. Curat Global LLC’s holdings in Carrier Global were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Costello Asset Management INC raised its holdings in shares of Carrier Global by 4.2% during the second quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock worth $231,000 after acquiring an additional 127 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of Carrier Global by 1.3% during the second quarter. Rehmann Capital Advisory Group now owns 12,083 shares of the company’s stock worth $884,000 after acquiring an additional 150 shares in the last quarter. Penobscot Investment Management Company Inc. raised its holdings in shares of Carrier Global by 0.7% during the second quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock worth $1,525,000 after acquiring an additional 155 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Carrier Global by 1.3% during the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock worth $779,000 after acquiring an additional 156 shares in the last quarter. Finally, Code Waechter LLC raised its holdings in shares of Carrier Global by 5.1% during the first quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock worth $214,000 after acquiring an additional 164 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on CARR shares. Barclays lowered their target price on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Zacks Research downgraded shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a research report on Thursday, September 11th. JPMorgan Chase & Co. lowered their target price on shares of Carrier Global from $76.00 to $61.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Finally, Morgan Stanley lowered their target price on shares of Carrier Global from $75.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Hold” and an average target price of $75.67.

Carrier Global Trading Up 1.4%

Shares of NYSE:CARR opened at $57.92 on Monday. The company has a market cap of $49.29 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.90 and a beta of 1.25. The stock’s 50-day moving average is $61.29 and its 200-day moving average is $67.01. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $81.09. 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 issued its quarterly earnings results 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. The company had revenue of $6.11 billion for the quarter, compared to the consensus estimate 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 research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced 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 of this dividend 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 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.