AdviceOne Advisory Services LLC Has $17.04 Million Stake in Carrier Global Corporation $CARR

AdviceOne Advisory Services LLC lowered its position in Carrier Global Corporation (NYSE:CARR) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,830 shares of the company’s stock after selling 3,870 shares during the quarter. Carrier Global accounts for about 12.6% of AdviceOne Advisory Services LLC’s holdings, making the stock its 2nd largest position. AdviceOne Advisory Services LLC’s holdings in Carrier Global were worth $17,041,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CARR. Nuveen LLC acquired a new position in shares of Carrier Global in the 1st quarter worth approximately $649,512,000. JPMorgan Chase & Co. raised its holdings in shares of Carrier Global by 17.6% in the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock worth $1,973,444,000 after buying an additional 4,668,929 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Carrier Global by 82.6% in the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock worth $613,330,000 after buying an additional 4,377,402 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Carrier Global by 61.9% in the 1st quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company’s stock worth $273,812,000 after buying an additional 1,651,873 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Carrier Global by 23.5% in the 1st quarter. Victory Capital Management Inc. now owns 4,512,774 shares of the company’s stock worth $286,110,000 after buying an additional 857,694 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 2.5%

NYSE CARR opened at $56.63 on Friday. The stock has a fifty day moving average of $63.02 and a 200-day moving average of $67.19. The stock has a market capitalization of $48.19 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.76 and a beta of 1.25. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. 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 released its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company 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. On average, equities research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

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 paid 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 dividend yield of 1.6%. Carrier Global’s payout ratio is 19.61%.

Analyst Ratings Changes

CARR has been the subject of a number of recent research reports. Wolfe Research dropped their target price on Carrier Global from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday. Wells Fargo & Company dropped their price target on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 price target on shares of Carrier Global in a report on Tuesday, July 15th. Royal Bank Of Canada dropped their price target on Carrier Global from $87.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, September 12th. Finally, Robert W. Baird dropped their price target on Carrier Global from $84.00 to $75.00 in a report on Thursday, September 11th. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $78.42.

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.