GPM Growth Investors Inc. Acquires 3,305 Shares of Carrier Global Corporation $CARR

GPM Growth Investors Inc. boosted its holdings in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 3.0% in the 2nd quarter, Holdings Channel reports. The firm owned 111,680 shares of the company’s stock after buying an additional 3,305 shares during the period. Carrier Global accounts for about 3.2% of GPM Growth Investors Inc.’s holdings, making the stock its 13th largest position. GPM Growth Investors Inc.’s holdings in Carrier Global were worth $8,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CARR. Accredited Wealth Management LLC bought a new stake in Carrier Global during the first quarter worth $28,000. REAP Financial Group LLC bought a new stake in Carrier Global during the second quarter worth $29,000. Graybill Wealth Management LTD. bought a new stake in Carrier Global during the first quarter worth $38,000. Cheviot Value Management LLC bought a new stake in Carrier Global during the first quarter worth $38,000. Finally, Richardson Financial Services Inc. lifted its stake in Carrier Global by 1,536.6% during the second quarter. Richardson Financial Services Inc. now owns 671 shares of the company’s stock worth $50,000 after purchasing an additional 630 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 price target for the company in a research note on Tuesday, July 1st. Mizuho dropped their price target on Carrier Global from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Barclays dropped their price target on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.41.

Read Our Latest Report on Carrier Global

Carrier Global Stock Performance

NYSE CARR opened at $58.23 on Tuesday. The company has a market capitalization of $49.55 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.90 and a beta of 1.25. The stock has a fifty day simple moving average of $61.13 and a 200 day simple moving average of $66.99. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR – Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Sell-side analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, October 29th. Carrier Global’s dividend payout ratio is 19.61%.

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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