Shell Asset Management Co. Raises Holdings in Carrier Global Corporation $CARR

Shell Asset Management Co. boosted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 98.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 24,160 shares of the company’s stock after acquiring an additional 11,980 shares during the period. Shell Asset Management Co.’s holdings in Carrier Global were worth $1,768,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CARR. Accredited Wealth Management LLC purchased a new stake in Carrier Global during the 1st quarter worth about $28,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Carrier Global during the 1st quarter worth about $29,000. Graybill Wealth Management LTD. acquired a new position in shares of Carrier Global during the 1st quarter worth about $38,000. Cheviot Value Management LLC acquired a new position in shares of Carrier Global during the 1st quarter worth about $38,000. Finally, Rossby Financial LCC acquired a new position in shares of Carrier Global during the 1st quarter worth about $51,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 1.0%

Shares of NYSE CARR opened at $59.79 on Thursday. The stock has a market cap of $50.88 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. 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 52-week low of $54.22 and a 52-week high of $83.32. The business has a 50-day moving average price of $63.44 and a 200 day moving average price of $67.34.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The company 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. Equities research analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders 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 yield of 1.5%. Carrier Global’s payout ratio is 19.61%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CARR shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Carrier Global from $73.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Carrier Global in a research report on Wednesday. Robert W. Baird lowered their price objective on Carrier Global from $84.00 to $75.00 in a research report on Thursday, September 11th. Wells Fargo & Company lowered their price objective on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group decreased their target price on Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.47.

Carrier Global Company 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.