Chevy Chase Trust Holdings LLC Decreases Holdings in Carrier Global Corporation $CARR

Chevy Chase Trust Holdings LLC trimmed its stake in shares of Carrier Global Corporation (NYSE:CARRFree Report) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 424,630 shares of the company’s stock after selling 2,396 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Carrier Global were worth $31,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new position in Carrier Global during the second quarter valued at $29,000. Accredited Wealth Management LLC purchased a new position in Carrier Global during the first quarter valued at $28,000. Investment Research & Advisory Group Inc. purchased a new position in Carrier Global during the first quarter valued at $29,000. Graybill Wealth Management LTD. purchased a new position in shares of Carrier Global in the first quarter worth about $38,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Carrier Global in the first quarter worth about $38,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday, October 8th. The Goldman Sachs Group decreased their price target on shares of Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Melius assumed coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Carrier Global from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Finally, Morgan Stanley decreased their price target on shares of Carrier Global from $75.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Hold” and a consensus target price of $75.67.

Check Out Our Latest Stock Report on Carrier Global

Carrier Global Price Performance

Shares of CARR stock opened at $56.21 on Friday. 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 firm’s 50-day moving average is $62.09 and its two-hundred day moving average is $66.93. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $82.18. The company has a market capitalization of $47.84 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25.

Carrier Global (NYSE:CARRGet Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping 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 company had revenue of $6.11 billion for 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 predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, October 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 19.61%.

About Carrier Global

(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.

See Also

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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