DeDora Capital Inc. Takes Position in Carrier Global Corporation $CARR

Key Points

• DeDora Capital Inc. recently acquired a new stake in Carrier Global Corporation, purchasing 5,118 shares valued at approximately $375,000 during the second quarter.
• Carrier Global announced a quarterly dividend of $0.225 per share, with the dividend set to be paid on November 18th, reflecting an annualized yield of 1.6%.
• The firm's stock currently has a consensus rating of "Hold," with price targets ranging from $74.00 to $90.00 set by various analysts following recent coverage updates.

DeDora Capital Inc. bought a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,118 shares of the company's stock, valued at approximately $375,000.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new stake in Carrier Global during the 1st quarter worth $649,512,000. JPMorgan Chase & Co. increased its stake in Carrier Global by 17.6% during the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company's stock worth $1,973,444,000 after buying an additional 4,668,929 shares during the period. Brown Advisory Inc. increased its stake in Carrier Global by 82.6% during the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock worth $613,330,000 after buying an additional 4,377,402 shares during the period. Alliancebernstein L.P. grew its holdings in Carrier Global by 61.9% during the 1st quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company's stock worth $273,812,000 after acquiring an additional 1,651,873 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Carrier Global by 23.5% during the 1st quarter. Victory Capital Management Inc. now owns 4,512,774 shares of the company's stock worth $286,110,000 after acquiring an additional 857,694 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Trading Down 1.0%

Carrier Global stock opened at $56.21 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $62.09 and a two-hundred day moving average price of $66.94. The firm has a market capitalization of $47.84 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.81 and a beta of 1.25. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $82.18.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Sell-side analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced 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 payout ratio is presently 19.61%.

Analysts Set New Price Targets

Several research analysts have weighed in on CARR shares. Melius started coverage on shares of Carrier Global in a report on Tuesday, July 1st. They set a "hold" rating and a $90.00 price objective for the company. Melius Research raised shares of Carrier Global to a "hold" rating and set a $90.00 price objective for the company in a report on Tuesday, July 1st. Barclays decreased their price objective on shares of Carrier Global from $82.00 to $74.00 and set an "overweight" rating for the company in a report on Thursday, September 11th. The Goldman Sachs Group decreased their price objective on shares of Carrier Global from $88.00 to $76.00 and set a "buy" rating for the company in a report on Friday, September 12th. Finally, Zacks Research lowered shares of Carrier Global from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $75.67.

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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