Capital Analysts LLC Increases Stock Holdings in Carrier Global Corporation $CARR

Capital Analysts LLC lifted its stake in Carrier Global Corporation (NYSE:CARR) by 19.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,502 shares of the company’s stock after purchasing an additional 405 shares during the quarter. Capital Analysts LLC’s holdings in Carrier Global were worth $158,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Carrier Global during the 4th quarter valued at $28,000. Investment Research & Advisory Group Inc. purchased a new position in Carrier Global during the 1st quarter valued at $29,000. Mattson Financial Services LLC purchased a new position in Carrier Global during the 4th quarter valued at $31,000. Mascagni Wealth Management Inc. purchased a new position in Carrier Global during the 4th quarter valued at $35,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Carrier Global during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Northcoast Research upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Friday, May 9th. Barclays dropped their price objective on Carrier Global from $84.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Melius Research raised Carrier Global to a “hold” rating and set a $90.00 target price for the company in a research report on Tuesday, July 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Carrier Global in a report on Wednesday, May 21st. Finally, Melius started coverage on Carrier Global in a report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 target price for the company. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.47.

Carrier Global Price Performance

Shares of CARR stock opened at $67.69 on Friday. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The stock has a market capitalization of $57.61 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.79 and a beta of 1.25. The stock has a fifty day simple moving average of $71.78 and a two-hundred day simple moving average of $68.17. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion during the quarter, compared to analyst estimates 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. On average, analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, July 21st were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, July 21st. Carrier Global’s payout ratio is presently 19.61%.

Insider Activity at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the transaction, the director directly owned 54,341,534 shares of the company’s stock, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.20% of the company’s stock.

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.