6,304 Shares in Carrier Global Corporation $CARR Bought by Ransom Advisory Ltd

Key Points

• Ransom Advisory Ltd acquired 6,304 shares of Carrier Global Corporation, valued at around $400,000, during the first quarter, highlighting increased institutional interest in the company.
• Carrier Global's shares opened at $63.44, showing a decline of 3.3%, with a market capitalization of $53.99 billion and a consensus price target set at $84.47.
• The company recently announced a quarterly dividend of $0.225 per share, indicating a 1.4% yield and a dividend payout ratio of 19.61%.

Ransom Advisory Ltd acquired a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,304 shares of the company's stock, valued at approximately $400,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in Carrier Global by 1.3% in the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company's stock valued at $779,000 after buying an additional 156 shares during the period. Code Waechter LLC lifted its holdings in Carrier Global by 5.1% in the first quarter. Code Waechter LLC now owns 3,383 shares of the company's stock valued at $214,000 after buying an additional 164 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in Carrier Global by 2.9% in the first quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company's stock valued at $424,000 after buying an additional 168 shares during the period. Essex Financial Services Inc. lifted its holdings in Carrier Global by 0.4% in the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock valued at $2,649,000 after buying an additional 173 shares during the period. Finally, Motco lifted its holdings in Carrier Global by 22.2% in the first quarter. Motco now owns 975 shares of the company's stock valued at $62,000 after buying an additional 177 shares during the period. Institutional investors own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of several analyst reports. Citigroup restated a "buy" rating and issued a $89.00 price objective (up from $82.00) on shares of Carrier Global in a report on Monday, July 14th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Melius began coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 target price for the company. Royal Bank Of Canada lowered their target price on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Finally, Melius Research raised shares of Carrier Global to a "hold" rating and set a $90.00 target price for the company in a research note on Tuesday, July 1st. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.47.

Carrier Global Stock Down 3.3%

Shares of CARR stock opened at $63.44 on Wednesday. The firm has a fifty day moving average of $70.16 and a 200-day moving average of $68.17. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The company has a market capitalization of $53.99 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.85 and a beta of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business had revenue of $6.11 billion during the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, July 21st were issued a dividend of $0.225 per share. The ex-dividend date was Monday, July 21st. This represents a $0.90 annualized dividend and a yield of 1.4%. Carrier Global's dividend payout ratio is presently 19.61%.

Carrier Global Company 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.

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