PDS Planning Inc Raises Stock Position in Carrier Global Corporation $CARR

by · The Cerbat Gem

PDS Planning Inc lifted its position in Carrier Global Corporation (NYSE:CARR – Free Report) by 16.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,353 shares of the company’s stock after buying an additional 623 shares during the period. PDS Planning Inc’s holdings in Carrier Global were worth $319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Accredited Wealth Management LLC purchased a new position in shares of Carrier Global in the 1st quarter worth approximately $28,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Carrier Global in the 1st quarter worth approximately $29,000. REAP Financial Group LLC purchased a new position in shares of Carrier Global in the 2nd quarter worth approximately $29,000. Graybill Wealth Management LTD. purchased a new position in shares of Carrier Global in the 1st quarter worth approximately $38,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Carrier Global in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $56.63 on Monday. 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 Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. The company has a 50 day simple moving average of $63.02 and a two-hundred day simple moving average of $67.21. The stock has a market cap of $48.19 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.78 and a beta of 1.25.

Carrier Global (NYSE:CARR – Get Free Report) last posted its 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. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The firm had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

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 paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, October 29th. Carrier Global’s payout ratio is currently 19.61%.

Analyst Upgrades and Downgrades

CARR has been the topic of several research analyst reports. Robert W. Baird dropped their target price on shares of Carrier Global from $84.00 to $75.00 in a research report on Thursday, September 11th. Morgan Stanley dropped their target price on shares of Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, September 23rd. Finally, Rothschild & Co Redburn dropped their target price on shares of Carrier Global from $76.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.42.

Read Our Latest Report on Carrier Global

Carrier Global Profile

(Free Report)

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.

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