Carrier Global Corporation $CARR Shares Bought by Welch Group LLC

Welch Group LLC increased its holdings in Carrier Global Corporation (NYSE:CARR) by 5.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,266 shares of the company’s stock after purchasing an additional 5,717 shares during the quarter. Welch Group LLC’s holdings in Carrier Global were worth $7,997,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CARR. Costello Asset Management INC grew its position in Carrier Global by 4.2% in the second quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock worth $231,000 after acquiring an additional 127 shares during the period. Penobscot Investment Management Company Inc. grew its position in Carrier Global by 0.7% in the second quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock worth $1,525,000 after acquiring an additional 155 shares during the period. Lindbrook Capital LLC grew its position in Carrier Global by 1.3% in the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock worth $779,000 after acquiring an additional 156 shares during the period. Code Waechter LLC grew its position in Carrier Global by 5.1% in the first quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock worth $214,000 after acquiring an additional 164 shares during the period. Finally, Abacus Wealth Partners LLC lifted its stake in Carrier Global by 4.3% during the second quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company’s stock worth $291,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CARR. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 price target on the stock in a research note on Tuesday, July 1st. Mizuho decreased their price target 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. Wolfe Research decreased their price target on Carrier Global from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $79.00 price target on shares of Carrier Global in a research note on Tuesday, July 15th. Finally, Melius began coverage on Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average price target of $78.42.

Carrier Global Stock Down 2.5%

Shares of NYSE CARR opened at $56.63 on Monday. The stock has a market cap of $48.19 billion, a P/E ratio of 12.34, a PEG ratio of 1.78 and a beta of 1.25. 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 business’s fifty day simple moving average is $63.02 and its 200-day simple moving average is $67.21.

Carrier Global (NYSE:CARR) last announced 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 business had revenue of $6.11 billion for 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. As a group, equities analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 29th. Carrier Global’s dividend payout ratio is 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.