Canada Pension Plan Investment Board grew its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 350.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 358,153 shares of the company's stock after buying an additional 278,653 shares during the period. Canada Pension Plan Investment Board's holdings in Carrier Global were worth $22,707,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $28,000. Accredited Wealth Management LLC bought a new stake in shares of Carrier Global in the 1st quarter worth approximately $28,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Carrier Global in the 1st quarter worth approximately $29,000. Mattson Financial Services LLC bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $31,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $35,000. Institutional investors own 91.00% of the company's stock.
Carrier Global Price Performance
Shares of CARR stock traded up $1.95 during mid-day trading on Friday, hitting $65.49. 5,009,386 shares of the stock traded hands, compared to its average volume of 5,315,051. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The firm has a market cap of $55.73 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25. The company's 50-day simple moving average is $70.69 and its 200-day simple moving average is $68.19. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The company had revenue of $6.11 billion for 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 expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.
Carrier Global Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, July 21st were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, July 21st. Carrier Global's payout ratio is presently 19.61%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on CARR shares. Royal Bank Of Canada cut their price target on Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Morgan Stanley cut their price target on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Barclays cut their target price on Carrier Global from $84.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Citigroup reaffirmed a "buy" rating and set a $89.00 target price (up previously from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Finally, Melius started coverage on Carrier Global in a research note on Tuesday, July 1st. They set a "hold" rating and a $90.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.47.
Check Out Our Latest Stock Analysis on CARR
Carrier Global Company Profile
(
Free Report)
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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