Atria Wealth Solutions Inc. Sells 19,497 Shares of Carrier Global Corporation $CARR

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Carrier Global Corporation by 69.4%, selling 19,497 shares, leaving them with 8,594 shares valued at approximately $633,000.
• Various institutional investors have adjusted their positions in Carrier Global, with Brighton Jones LLC increasing its stake by 30.3% and several others also growing their investments, indicating ongoing interest in the stock.
• Carrier Global has received mixed ratings from analysts, with target price adjustments, including a decrease from Citigroup from $89.00 to $75.00, while maintaining a consensus "Hold" rating and an average target price of $75.67.

Atria Wealth Solutions Inc. trimmed its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 69.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,594 shares of the company's stock after selling 19,497 shares during the period. Atria Wealth Solutions Inc.'s holdings in Carrier Global were worth $633,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CARR. Brighton Jones LLC grew its position in Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock worth $543,000 after purchasing an additional 1,850 shares in the last quarter. GAMMA Investing LLC grew its position in Carrier Global by 12.7% in the 1st quarter. GAMMA Investing LLC now owns 16,698 shares of the company's stock worth $1,059,000 after purchasing an additional 1,878 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Carrier Global by 15.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 552,713 shares of the company's stock worth $35,042,000 after purchasing an additional 75,555 shares in the last quarter. Ritholtz Wealth Management grew its position in Carrier Global by 34.0% in the 1st quarter. Ritholtz Wealth Management now owns 3,968 shares of the company's stock worth $252,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Carrier Global by 31.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,654 shares of the company's stock worth $105,000 after purchasing an additional 395 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CARR. Citigroup dropped their target price on shares of Carrier Global from $89.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Carrier Global in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Carrier Global from $73.00 to $70.00 and set a "hold" rating on the stock in a research note on Tuesday, September 23rd. Rothschild & Co Redburn dropped their target price on shares of Carrier Global from $76.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 1st. Finally, Morgan Stanley dropped their target price on shares of Carrier Global from $75.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $75.67.

Carrier Global Stock Performance

Shares of CARR stock opened at $56.21 on Friday. The stock has a market capitalization of $47.84 billion, a P/E ratio of 12.25, a PEG ratio of 1.81 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The firm's 50 day moving average is $62.09 and its 200 day moving average is $66.94. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $82.18.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion for 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. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $0.90 annualized dividend and a yield of 1.6%. Carrier Global's dividend payout ratio is currently 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.

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