Pettyjohn Wood & White Inc. Has $1.41 Million Stock Holdings in Carrier Global Corporation $CARR

Pettyjohn Wood & White Inc. lifted its holdings in Carrier Global Corporation (NYSE:CARR) by 28.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,212 shares of the company’s stock after purchasing an additional 4,264 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Carrier Global were worth $1,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Carrier Global by 0.5% in the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock worth $6,833,980,000 after acquiring an additional 450,594 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Carrier Global by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after purchasing an additional 7,409,432 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Carrier Global during the first quarter worth approximately $649,512,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Carrier Global by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,968,294 shares of the company’s stock valued at $441,790,000 after purchasing an additional 38,233 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in Carrier Global by 1.3% during the 2nd quarter. Fiera Capital Corp now owns 6,800,690 shares of the company’s stock worth $497,742,000 after acquiring an additional 86,873 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR stock opened at $52.36 on Friday. The stock has a market capitalization of $44.10 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 2.27 and a beta of 1.30. Carrier Global Corporation has a 1 year low of $50.30 and a 1 year high of $81.09. The company’s 50-day moving average is $57.71 and its 200-day moving average is $66.16. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.65 billion. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.Carrier Global’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. Equities research analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global announced that its Board of Directors has approved a share repurchase program on Tuesday, October 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to buy up to 10.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, October 29th. Carrier Global’s dividend payout ratio (DPR) is 20.13%.

Analysts Set New Price Targets

CARR has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of Carrier Global from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 29th. Robert W. Baird set a $72.00 price objective on shares of Carrier Global in a research report on Wednesday, October 29th. JPMorgan Chase & Co. cut their price target on shares of Carrier Global from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Royal Bank Of Canada decreased their target price on shares of Carrier Global from $87.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Wolfe Research cut their price target on Carrier Global from $76.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $72.94.

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.