Carrier Global Corporation $CARR Shares Acquired by Ignite Planners LLC

Ignite Planners LLC increased its holdings in Carrier Global Corporation (NYSE:CARR) by 32.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,499 shares of the company’s stock after buying an additional 1,106 shares during the quarter. Ignite Planners LLC’s holdings in Carrier Global were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Morton Capital Management LLC CA bought a new position in Carrier Global in the 2nd quarter worth approximately $204,000. Valmark Advisers Inc. grew its holdings in Carrier Global by 4.1% in the 2nd quarter. Valmark Advisers Inc. now owns 4,906 shares of the company’s stock worth $359,000 after buying an additional 194 shares in the last quarter. WoodTrust Financial Corp bought a new position in Carrier Global in the 2nd quarter worth approximately $222,000. Kidder Stephen W grew its holdings in Carrier Global by 0.3% in the 2nd quarter. Kidder Stephen W now owns 91,797 shares of the company’s stock worth $6,719,000 after buying an additional 258 shares in the last quarter. Finally, Somerville Kurt F grew its holdings in Carrier Global by 3.4% in the 2nd quarter. Somerville Kurt F now owns 168,632 shares of the company’s stock worth $12,342,000 after buying an additional 5,495 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays decreased their price objective on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. The Goldman Sachs Group lowered their price target on Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Royal Bank Of Canada lowered their price target on Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Finally, Rothschild & Co Redburn lowered their price target on Carrier Global from $76.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.47.

Carrier Global Stock Performance

CARR opened at $59.79 on Thursday. The firm has a market cap of $50.88 billion, a PE ratio of 13.03, a P/E/G ratio of 1.84 and a beta of 1.25. 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 business has a fifty day simple moving average of $63.44 and a 200-day simple moving average of $67.34. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $6.11 billion during the quarter, compared to analyst estimates 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. As a group, equities analysts predict 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 paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio 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.