3,603 Shares in Carrier Global Corporation $CARR Purchased by Freedom Investment Management Inc.

Freedom Investment Management Inc. acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,603 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in Carrier Global by 51.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock worth $88,000 after purchasing an additional 474 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in Carrier Global in the 1st quarter valued at about $400,000. Shell Asset Management Co. grew its holdings in Carrier Global by 98.4% in the 2nd quarter. Shell Asset Management Co. now owns 24,160 shares of the company’s stock valued at $1,768,000 after buying an additional 11,980 shares during the period. Aberdeen Group plc grew its holdings in Carrier Global by 1.8% in the 1st quarter. Aberdeen Group plc now owns 717,658 shares of the company’s stock valued at $44,854,000 after buying an additional 12,346 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Carrier Global by 1.5% in the 2nd quarter. Nordea Investment Management AB now owns 73,150 shares of the company’s stock valued at $5,369,000 after buying an additional 1,074 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CARR. Deutsche Bank Aktiengesellschaft lowered their price target on Carrier Global from $73.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, September 23rd. Zacks Research cut Carrier Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Royal Bank Of Canada lowered 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. Melius began coverage on Carrier Global in a report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price target for the company. Finally, Wolfe Research lowered their price target on Carrier Global from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, eight 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 “Moderate Buy” and a consensus target price of $75.41.

Carrier Global Stock Up 0.7%

Shares of NYSE:CARR opened at $58.23 on Tuesday. 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 Corporation has a 1 year low of $54.22 and a 1 year high of $81.09. The stock has a market capitalization of $49.55 billion, a P/E ratio of 12.69, a PEG ratio of 1.90 and a beta of 1.25. The stock has a 50-day simple moving average of $61.13 and a 200-day simple moving average of $66.99.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business 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%. Equities analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.90 annualized dividend and a yield of 1.5%. Carrier Global’s 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.