Carrier Global Corporation $CARR Shares Purchased by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC increased its stake in Carrier Global Corporation by 3.3%, owning 686,229 shares valued at approximately $43.45 million as of its latest SEC filing.
• Carrier Global recently reported a quarterly earnings per share of $0.92, exceeding analysts' expectations, and announced a quarterly dividend of $0.225 per share, reflecting a 1.4% yield.
• Several analysts have issued ratings adjustments for Carrier Global, with a consensus rating of "Moderate Buy" and a target price averaging around $84.47.

Great Lakes Advisors LLC increased its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 686,229 shares of the company's stock after purchasing an additional 21,918 shares during the quarter. Great Lakes Advisors LLC owned 0.08% of Carrier Global worth $43,451,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in shares of Carrier Global by 51.8% during the first 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 during the period. Bessemer Group Inc. lifted its holdings in shares of Carrier Global by 15.7% during the first quarter. Bessemer Group Inc. now owns 28,768 shares of the company's stock worth $1,823,000 after purchasing an additional 3,900 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Carrier Global during the first quarter worth $234,000. Aberdeen Group plc lifted its holdings in shares of Carrier Global by 1.8% during the first quarter. Aberdeen Group plc now owns 717,658 shares of the company's stock worth $44,854,000 after purchasing an additional 12,346 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in shares of Carrier Global by 34.0% during the first quarter. Ritholtz Wealth Management now owns 3,968 shares of the company's stock worth $252,000 after purchasing an additional 1,007 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada decreased their price target on Carrier Global from $89.00 to $87.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Morgan Stanley cut their price objective on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 price objective for the company in a research report on Tuesday, July 1st. Citigroup reiterated a "buy" rating and issued a $89.00 price objective (up previously from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Finally, Robert W. Baird cut their price objective on Carrier Global from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.47.

Carrier Global Trading Up 3.1%

Carrier Global stock opened at $65.49 on Monday. The stock has a market cap of $55.73 billion, a PE ratio of 14.27, a P/E/G ratio of 1.85 and a beta of 1.25. The stock has a 50-day moving average price of $70.53 and a 200 day moving average price of $68.21. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm 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%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, July 21st were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is currently 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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