Chicago Partners Investment Group LLC Grows Holdings in Carrier Global Corporation $CARR

Chicago Partners Investment Group LLC boosted its position in Carrier Global Corporation (NYSE:CARR) by 14.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,914 shares of the company’s stock after purchasing an additional 859 shares during the period. Chicago Partners Investment Group LLC’s holdings in Carrier Global were worth $550,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in shares of Carrier Global by 51.8% in the first quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock valued at $88,000 after acquiring an additional 474 shares in the last quarter. Bessemer Group Inc. boosted its position in Carrier Global by 15.7% in the first quarter. Bessemer Group Inc. now owns 28,768 shares of the company’s stock worth $1,823,000 after purchasing an additional 3,900 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Carrier Global during the 1st quarter valued at $400,000. Shell Asset Management Co. raised its stake in shares of Carrier Global by 98.4% during the 2nd quarter. Shell Asset Management Co. now owns 24,160 shares of the company’s stock worth $1,768,000 after purchasing an additional 11,980 shares during the period. Finally, Aberdeen Group plc boosted its holdings in shares of Carrier Global by 1.8% in the 1st quarter. Aberdeen Group plc now owns 717,658 shares of the company’s stock worth $44,854,000 after buying an additional 12,346 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $56.70 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $81.09. The stock has a market cap of $48.25 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. The stock has a fifty day moving average of $61.61 and a 200-day moving average of $66.87.

Carrier Global (NYSE:CARR) last announced 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 firm had revenue of $6.11 billion for the quarter, compared to the consensus estimate 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. Equities research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis 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

A number of analysts recently issued reports on CARR shares. Citigroup decreased their price objective on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 12th. Melius Research upgraded shares of Carrier Global to a “hold” rating and set a $90.00 price target for the company in a research note on Tuesday, July 1st. Mizuho dropped their price objective on Carrier Global from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Oppenheimer lowered Carrier Global from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 14th. Finally, Morgan Stanley lowered their target price on Carrier Global from $75.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Carrier Global has an average rating of “Hold” and a consensus target price of $75.67.

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.