Mesirow Financial Investment Management Inc. Buys 1,079 Shares of Carrier Global Corporation $CARR

Mesirow Financial Investment Management Inc. lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 8.0% in the second quarter, Holdings Channel.com reports. The fund owned 14,500 shares of the company’s stock after purchasing an additional 1,079 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Carrier Global were worth $1,062,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 474 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of Carrier Global during the first quarter valued at approximately $400,000. Shell Asset Management Co. raised its holdings in shares of 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 acquiring an additional 11,980 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Carrier Global by 1.5% during the second quarter. Nordea Investment Management AB now owns 73,150 shares of the company’s stock valued at $5,369,000 after acquiring an additional 1,074 shares in the last quarter. Finally, Aberdeen Group plc raised its holdings in shares of 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 acquiring an additional 12,346 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $59.51 on Friday. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.80. The business has a fifty day moving average price of $60.56 and a 200-day moving average price of $66.94. The company has a market capitalization of $50.12 billion, a PE ratio of 13.31, a PEG ratio of 2.33 and a beta of 1.25.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the company earned $0.83 earnings per share. The company’s revenue was down 6.8% on a year-over-year basis. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 10.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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 issued 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 1.5%. Carrier Global’s dividend payout ratio (DPR) is presently 20.13%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CARR. Oppenheimer restated a “market perform” rating on shares of Carrier Global in a report on Wednesday. Citigroup decreased their price objective on Carrier Global from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday. The Goldman Sachs Group decreased their price objective on Carrier Global from $76.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company decreased their price objective on Carrier Global from $65.00 to $62.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Morgan Stanley decreased their price objective on Carrier Global from $75.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $74.12.

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.