Principle Wealth Partners LLC Has $1.84 Million Stock Holdings in Carrier Global Corporation $CARR

Principle Wealth Partners LLC lessened its stake in shares of Carrier Global Corporation (NYSE:CARR) by 0.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 25,199 shares of the company’s stock after selling 190 shares during the quarter. Principle Wealth Partners LLC’s holdings in Carrier Global were worth $1,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CARR. Accredited Wealth Management LLC acquired a new position in Carrier Global during the first quarter valued at approximately $28,000. REAP Financial Group LLC acquired a new position in Carrier Global during the second quarter valued at approximately $29,000. Graybill Wealth Management LTD. acquired a new position in Carrier Global during the first quarter valued at approximately $38,000. Cheviot Value Management LLC acquired a new position in Carrier Global during the first quarter valued at approximately $38,000. Finally, Richardson Financial Services Inc. grew its holdings in Carrier Global by 1,536.6% during the second quarter. Richardson Financial Services Inc. now owns 671 shares of the company’s stock valued at $50,000 after purchasing an additional 630 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 5.2%

Shares of CARR stock opened at $56.70 on Thursday. The stock has a market cap of $48.25 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. Carrier Global Corporation has a one year low of $54.22 and a one year high of $81.09. The stock has a fifty day moving average price of $61.61 and a 200 day moving average price of $66.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. 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 disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be paid 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 currently 19.61%.

Analysts Set New Price Targets

CARR has been the topic of several analyst reports. Barclays lowered their price target on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Robert W. Baird reduced their price objective on Carrier Global from $84.00 to $75.00 in a research report on Thursday, September 11th. Wolfe Research reduced their price objective on Carrier Global from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. The Goldman Sachs Group reduced their price objective 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. Finally, Zacks Research cut Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Carrier Global presently has an average rating of “Hold” and a consensus price target of $75.67.

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.