Dempze Nancy E Has $3.67 Million Stock Position in Carrier Global Corporation $CARR

Dempze Nancy E lifted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 4.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 50,078 shares of the company’s stock after buying an additional 2,319 shares during the period. Carrier Global makes up 2.1% of Dempze Nancy E’s investment portfolio, making the stock its 20th biggest position. Dempze Nancy E’s holdings in Carrier Global were worth $3,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC lifted its position in shares of Carrier Global by 51.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock worth $88,000 after buying an additional 474 shares during the last quarter. Bessemer Group Inc. lifted its position 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 worth $1,823,000 after buying an additional 3,900 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Carrier Global during the 1st quarter worth $234,000. Ransom Advisory Ltd bought a new stake in shares of Carrier Global during the 1st quarter worth $400,000. Finally, Aberdeen Group plc lifted its position 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 worth $44,854,000 after buying an additional 12,346 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CARR. JPMorgan Chase & Co. restated a “neutral” rating and set a $79.00 price objective on shares of Carrier Global in a research report on Tuesday, July 15th. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 target price for the company in a research report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Carrier Global from $73.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Carrier Global in a research report on Wednesday. Finally, Wells Fargo & Company dropped their target price on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $78.47.

Carrier Global Price Performance

Shares of CARR opened at $59.79 on Thursday. 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 company has a market capitalization of $50.88 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The business has a 50-day moving average of $63.44 and a 200-day moving average of $67.34.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The business had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.5%. Carrier Global’s dividend payout ratio 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.