Cookson Peirce & Co. Inc. Takes Position in Carrier Global Corporation $CARR

Cookson Peirce & Co. Inc. purchased a new stake in Carrier Global Corporation (NYSE:CARR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,891 shares of the company’s stock, valued at approximately $578,000.

Other hedge funds have also added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new stake in Carrier Global during the 2nd quarter worth $29,000. Accredited Wealth Management LLC acquired a new stake in Carrier Global during the 1st quarter worth $28,000. Graybill Wealth Management LTD. acquired a new stake in Carrier Global during the 1st quarter worth $38,000. Cheviot Value Management LLC acquired a new stake in Carrier Global during the 1st quarter worth $38,000. Finally, Richardson Financial Services Inc. raised its stake in 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 buying an additional 630 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CARR shares. The Goldman Sachs Group dropped their price objective on Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Barclays dropped their price objective on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday, October 8th. Morgan Stanley dropped their price objective on Carrier Global from $75.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Finally, Citigroup dropped their price target on Carrier Global from $89.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.67.

Carrier Global Stock Performance

CARR opened at $57.08 on Friday. The business’s 50-day moving average price is $61.44 and its two-hundred day moving average price is $66.87. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $81.09. The company has a market capitalization of $48.58 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 1.86 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.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to the consensus estimate 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. Equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

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

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.