Carrier Global Corporation $CARR Shares Purchased by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. increased its stake in Carrier Global Corporation by 98.4%, now holding 24,160 shares valued at approximately $1.77 million.
• Carrier Global recently declared a quarterly dividend of $0.225 per share, reflecting an annual yield of 1.5%.
• Analysts have adjusted their price targets for Carrier Global, with average price target now at $78.47, while 12 analysts rated the stock a "Buy."

Shell Asset Management Co. lifted its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 98.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,160 shares of the company's stock after acquiring an additional 11,980 shares during the period. Shell Asset Management Co.'s holdings in Carrier Global were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CARR. Brighton Jones LLC boosted its stake in shares of Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock worth $543,000 after acquiring an additional 1,850 shares during the last quarter. NBC Securities Inc. boosted its stake in shares of Carrier Global by 166,400.0% in the first quarter. NBC Securities Inc. now owns 1,665 shares of the company's stock worth $105,000 after acquiring an additional 1,664 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Carrier Global by 36.2% in the first quarter. Farther Finance Advisors LLC now owns 9,664 shares of the company's stock worth $614,000 after acquiring an additional 2,570 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Carrier Global by 12.7% in the first quarter. GAMMA Investing LLC now owns 16,698 shares of the company's stock worth $1,059,000 after acquiring an additional 1,878 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Carrier Global by 2,163.4% in the first quarter. SG Americas Securities LLC now owns 41,895 shares of the company's stock worth $2,656,000 after acquiring an additional 40,044 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

CARR stock opened at $59.79 on Thursday. 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 company has a market capitalization of $50.88 billion, a PE ratio of 13.03, a P/E/G ratio of 1.84 and a beta of 1.25. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The business's fifty day moving average price is $63.44 and its 200 day moving average price is $67.34.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $6.11 billion for the quarter, compared to the consensus estimate 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. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.5%. Carrier Global's dividend payout ratio (DPR) is 19.61%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CARR shares. Citigroup lowered their price target on Carrier Global from $89.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Royal Bank Of Canada lowered their price objective on Carrier Global from $87.00 to $75.00 and set an "outperform" rating on the stock in a research note on Friday, September 12th. Barclays lowered their price objective on Carrier Global from $82.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday, September 11th. Rothschild & Co Redburn lowered their price objective on 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, Mizuho lowered their price objective on Carrier Global from $88.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, September 15th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $78.47.

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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