Carrier Global Corporation $CARR Stake Raised by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in Carrier Global Corporation by 6.0%, bringing its holdings to 164,862 shares valued at approximately $12.06 million.
• Carrier Global reported a quarterly earnings of $0.92 EPS, exceeding analysts' expectations, and set FY 2025 guidance at 3.000-3.100 EPS.
• The company has announced a quarterly dividend of $0.225 per share, resulting in an annual dividend yield of 1.6% and a payout ratio of 19.61%.

Blair William & Co. IL increased its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,862 shares of the company's stock after acquiring an additional 9,341 shares during the period. Blair William & Co. IL's holdings in Carrier Global were worth $12,066,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its position in Carrier Global by 51.8% in the 1st 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 last quarter. Bessemer Group Inc. increased its holdings in shares of Carrier Global by 15.7% during the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company's stock valued at $1,823,000 after acquiring an additional 3,900 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Carrier Global during the 1st quarter valued at about $234,000. Ransom Advisory Ltd acquired a new position in shares of Carrier Global during the 1st quarter valued at about $400,000. Finally, Aberdeen Group plc increased its holdings in shares of Carrier Global by 1.8% during the 1st quarter. Aberdeen Group plc now owns 717,658 shares of the company's stock valued at $44,854,000 after acquiring an additional 12,346 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of CARR stock opened at $56.63 on Friday. The stock has a 50 day moving average of $63.02 and a two-hundred day moving average of $67.19. 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 Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. The company has a market capitalization of $48.19 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.81 and a beta of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last announced 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. 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 during the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

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

Analysts Set New Price Targets

CARR has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective on Carrier Global from $88.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, September 12th. Robert W. Baird lowered their target price on Carrier Global from $84.00 to $75.00 in a report on Thursday, September 11th. Barclays lowered their target price on Carrier Global from $82.00 to $74.00 and set an "overweight" rating on the stock in a report on Thursday, September 11th. Oppenheimer lowered their target price on Carrier Global from $85.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a report on Tuesday, July 15th. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $78.42.

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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