DeDora Capital Inc. Makes New $375,000 Investment in Carrier Global Corporation $CARR

DeDora Capital Inc. purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,118 shares of the company’s stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Accredited Wealth Management LLC bought a new stake in shares of Carrier Global in the 1st quarter worth approximately $28,000. REAP Financial Group LLC bought a new stake in shares of Carrier Global in the 2nd quarter worth approximately $29,000. Graybill Wealth Management LTD. bought a new stake in shares of Carrier Global in the 1st quarter worth approximately $38,000. Cheviot Value Management LLC bought a new stake in shares of Carrier Global in the 1st quarter worth approximately $38,000. Finally, Richardson Financial Services Inc. raised its holdings in shares of Carrier Global by 1,536.6% in 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 in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

Shares of CARR opened at $56.21 on Friday. The company’s 50 day moving average price is $62.09 and its 200 day moving average price is $66.94. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $82.18. The company has a market capitalization of $47.84 billion, a PE ratio of 12.25, a PEG ratio of 1.81 and a beta of 1.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 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 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. Research analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Carrier Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. The Goldman Sachs Group dropped their target price on shares of Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Mizuho dropped their target price on shares of Carrier Global from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup dropped their target price on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Finally, Robert W. Baird dropped their target price on shares of Carrier Global from $84.00 to $75.00 in a research report on Thursday, September 11th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.67.

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.