3,107 Shares in Carrier Global Corporation $CARR Bought by Baker Boyer National Bank

Baker Boyer National Bank acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, HoldingsChannel reports. The fund acquired 3,107 shares of the company’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. RFG Advisory LLC lifted its holdings in Carrier Global by 14.1% during the second quarter. RFG Advisory LLC now owns 11,698 shares of the company’s stock worth $856,000 after acquiring an additional 1,443 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in Carrier Global by 1,018.7% during the second quarter. Axxcess Wealth Management LLC now owns 78,497 shares of the company’s stock worth $5,745,000 after acquiring an additional 71,480 shares in the last quarter. Elefante Mark B lifted its holdings in Carrier Global by 4.9% during the second quarter. Elefante Mark B now owns 44,145 shares of the company’s stock worth $3,231,000 after acquiring an additional 2,080 shares in the last quarter. NorthRock Partners LLC lifted its holdings in Carrier Global by 7.2% during the second quarter. NorthRock Partners LLC now owns 17,326 shares of the company’s stock worth $1,268,000 after acquiring an additional 1,158 shares in the last quarter. Finally, Delaney Dennis R lifted its holdings in Carrier Global by 6.3% during the second quarter. Delaney Dennis R now owns 55,005 shares of the company’s stock worth $4,026,000 after acquiring an additional 3,250 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CARR shares. Wolfe Research reduced their target price on Carrier Global from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Jefferies Financial Group reiterated a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 price target on the stock in a report on Tuesday, July 1st. Royal Bank Of Canada cut their price target on Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Finally, Morgan Stanley cut their price target on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.42.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $56.89 on Tuesday. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The firm has a market cap of $48.41 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The stock’s 50-day moving average is $62.83 and its 200-day moving average is $67.16.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Equities analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, October 29th. Carrier Global’s dividend payout ratio is presently 19.61%.

About Carrier Global

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.