Johnson Investment Counsel Inc. Has $2.04 Million Position in Carrier Global Corporation $CARR

Johnson Investment Counsel Inc. reduced its holdings in Carrier Global Corporation (NYSE:CARR) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,830 shares of the company’s stock after selling 1,277 shares during the period. Johnson Investment Counsel Inc.’s holdings in Carrier Global were worth $2,037,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of Carrier Global by 61.0% during the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 17,893 shares of the company’s stock worth $1,310,000 after purchasing an additional 6,779 shares during the last quarter. Richardson Financial Services Inc. increased its stake in shares of Carrier Global by 1,536.6% during the 2nd 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. Trust Co. of Toledo NA OH increased its stake in shares of Carrier Global by 18.4% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 23,307 shares of the company’s stock worth $1,706,000 after purchasing an additional 3,620 shares during the last quarter. Eastern Bank increased its stake in shares of Carrier Global by 1.8% during the 2nd quarter. Eastern Bank now owns 16,537 shares of the company’s stock worth $1,210,000 after purchasing an additional 299 shares during the last quarter. Finally, Aberdeen Group plc increased its stake in shares of Carrier Global by 5.8% during the 2nd quarter. Aberdeen Group plc now owns 759,386 shares of the company’s stock worth $55,579,000 after purchasing an additional 41,728 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

NYSE CARR opened at $56.89 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $48.41 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.78 and a beta of 1.25. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The firm has a 50-day moving average price of $62.83 and a two-hundred day moving average price of $67.16.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a report on Friday, September 12th. Mizuho reduced their target price on shares of Carrier Global from $88.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Carrier Global from $73.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, September 23rd. Morgan Stanley reduced their target price on shares of Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Finally, Wolfe Research reduced their target price on shares of Carrier Global from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Twelve 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, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $78.42.

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.