Carrier Global Corporation $CARR Shares Acquired by United Bank

Key Points

• United Bank increased its stake in Carrier Global Corporation by 41.2%, now owning 16,991 shares worth approximately $1,244,000.
• Carrier Global reported $0.92 earnings per share for the latest quarter, exceeding analysts' expectations of $0.90, with a projected FY 2025 EPS guidance of 3.000-3.100.
• The company declared a quarterly dividend of $0.225 per share, equating to an annual yield of 1.6%, with the payout scheduled for November 18th.

United Bank raised its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 41.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,991 shares of the company's stock after buying an additional 4,956 shares during the quarter. United Bank's holdings in Carrier Global were worth $1,244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Accredited Wealth Management LLC acquired a new stake in Carrier Global during the first quarter valued at approximately $28,000. Investment Research & Advisory Group Inc. acquired a new stake in Carrier Global during the first quarter valued at approximately $29,000. REAP Financial Group LLC acquired a new stake in Carrier Global during the second quarter valued at approximately $29,000. Graybill Wealth Management LTD. acquired a new stake in Carrier Global during the first quarter valued at approximately $38,000. Finally, Cheviot Value Management LLC acquired a new stake in Carrier Global during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of CARR stock opened at $56.21 on Friday. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $82.18. The firm has a market capitalization of $47.84 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25. The business has a 50 day simple moving average of $62.09 and a 200 day simple moving average of $66.93. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data 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. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The business had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 29th. Carrier Global's dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CARR. Zacks Research cut Carrier Global from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Rothschild & Co Redburn dropped their price target on Carrier Global from $76.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 1st. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 price target on the stock in a research report on Tuesday, July 1st. JPMorgan Chase & Co. dropped their price target on Carrier Global from $76.00 to $61.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, Mizuho dropped their price target on Carrier Global from $80.00 to $75.00 and set an "outperform" rating on the stock in a research report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Carrier Global presently has a consensus rating of "Hold" and a consensus price target of $75.67.

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.

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