DRW Securities LLC Has $757,000 Stock Holdings in Carrier Global Corporation $CARR

Key Points

• DRW Securities LLC significantly increased its investment in Carrier Global Corporation, acquiring an additional 8,058 shares, bringing its total holdings to 11,940 shares valued at $757,000.
• Analysts have mixed sentiments on Carrier Global, with ten giving it a Buy rating and several downgrading price targets, resulting in a consensus price target of $84.47.
• Carrier Global announced a quarterly dividend of $0.225 per share, which translates to an annualized yield of 1.4%, reflecting a dividend payout ratio of 19.61%.

DRW Securities LLC raised its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 207.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,940 shares of the company's stock after acquiring an additional 8,058 shares during the period. DRW Securities LLC's holdings in Carrier Global were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lindbrook Capital LLC grew its stake in Carrier Global by 1.3% in the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company's stock valued at $779,000 after acquiring an additional 156 shares during the period. Code Waechter LLC grew its stake in Carrier Global by 5.1% in the first quarter. Code Waechter LLC now owns 3,383 shares of the company's stock valued at $214,000 after acquiring an additional 164 shares during the period. Chicago Partners Investment Group LLC grew its stake in Carrier Global by 2.9% in the first quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company's stock valued at $424,000 after acquiring an additional 168 shares during the period. Essex Financial Services Inc. grew its stake in Carrier Global by 0.4% in the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock valued at $2,649,000 after acquiring an additional 173 shares during the period. Finally, Motco boosted its position in shares of Carrier Global by 22.2% during the first quarter. Motco now owns 975 shares of the company's stock worth $62,000 after buying an additional 177 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CARR. Morgan Stanley reduced 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $79.00 price objective on shares of Carrier Global in a research report on Tuesday, July 15th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a research report on Friday, May 9th. Finally, Royal Bank Of Canada dropped their target price on Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $84.47.

Carrier Global Price Performance

NYSE:CARR traded up $1.95 during trading hours on Friday, reaching $65.49. 5,009,417 shares of the company were exchanged, compared to its average volume of 5,326,514. The company has a market capitalization of $55.73 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.72 and a beta of 1.25. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The business has a 50 day moving average of $70.69 and a 200 day moving average of $68.19.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results 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. The business 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. Research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 21st were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is currently 19.61%.

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.