Elefante Mark B Has $3.23 Million Stake in Carrier Global Corporation $CARR

Elefante Mark B grew its holdings in Carrier Global Corporation (NYSE:CARR) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,145 shares of the company’s stock after purchasing an additional 2,080 shares during the period. Carrier Global comprises 2.4% of Elefante Mark B’s portfolio, making the stock its 20th largest holding. Elefante Mark B’s holdings in Carrier Global were worth $3,231,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. REAP Financial Group LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new position in Carrier Global in the first quarter worth approximately $28,000. Investment Research & Advisory Group Inc. acquired a new position in Carrier Global in the first quarter worth approximately $29,000. Graybill Wealth Management LTD. acquired a new position in Carrier Global in the first quarter worth approximately $38,000. Finally, Cheviot Value Management LLC acquired a new position in Carrier Global in the first quarter worth approximately $38,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 0.4%

Shares of CARR stock opened at $56.89 on Tuesday. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. 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 business’s 50 day moving average is $62.83 and its two-hundred day moving average is $67.16. The company has a market cap of $48.41 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating 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 company had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Equities analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 29th. Carrier Global’s dividend payout ratio is currently 19.61%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research reports. Oppenheimer dropped their price objective on Carrier Global from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, September 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Carrier Global in a report on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 price objective on shares of Carrier Global in a report on Tuesday, July 15th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.42.

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.