Waldron Private Wealth LLC Sells 209 Shares of Carrier Global Corporation $CARR

Waldron Private Wealth LLC trimmed its stake in shares of Carrier Global Corporation (NYSE:CARR) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,047 shares of the company’s stock after selling 209 shares during the quarter. Waldron Private Wealth LLC’s holdings in Carrier Global were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARR. MQS Management LLC bought a new stake in shares of Carrier Global in the second quarter valued at about $218,000. Burke & Herbert Bank & Trust Co. bought a new stake in shares of Carrier Global in the second quarter valued at about $225,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Carrier Global in the second quarter valued at about $276,000. AlphaQuest LLC boosted its position in shares of Carrier Global by 385.3% in the second quarter. AlphaQuest LLC now owns 8,964 shares of the company’s stock valued at $656,000 after acquiring an additional 7,117 shares during the period. Finally, GLOBALT Investments LLC GA boosted its position in shares of Carrier Global by 4.4% in the second quarter. GLOBALT Investments LLC GA now owns 15,958 shares of the company’s stock valued at $1,168,000 after acquiring an additional 678 shares during the period. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CARR. 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 research report on Wednesday, October 8th. Melius began coverage on shares of Carrier Global in a research report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 target price for the company. 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 research report on Tuesday, September 23rd. Barclays cut their price objective on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Finally, Morgan Stanley cut their price objective on shares of Carrier Global from $75.00 to $60.00 and set an “equal weight” rating for the company 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 stock. According to data from MarketBeat, Carrier Global currently has an average rating of “Hold” and an average target price of $75.67.

Carrier Global Trading Up 1.4%

CARR opened at $57.92 on Monday. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $81.09. The company has a 50-day simple moving average of $61.29 and a 200 day simple moving average of $67.01. 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 stock has a market capitalization of $49.29 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.90 and a beta of 1.25.

Carrier Global (NYSE:CARR) last posted 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. The firm had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced 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 of this dividend 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 is 19.61%.

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.