Armstrong Fleming & Moore Inc Makes New $216,000 Investment in Carrier Global Corporation $CARR

Armstrong Fleming & Moore Inc acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,950 shares of the company’s stock, valued at approximately $216,000.

Several other large investors have also made changes to their positions in CARR. Brighton Jones LLC lifted its position in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the last quarter. NBC Securities Inc. lifted its position in shares of Carrier Global by 166,400.0% during the 1st quarter. NBC Securities Inc. now owns 1,665 shares of the company’s stock worth $105,000 after purchasing an additional 1,664 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Carrier Global by 36.2% during the 1st quarter. Farther Finance Advisors LLC now owns 9,664 shares of the company’s stock worth $614,000 after purchasing an additional 2,570 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Carrier Global by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 16,698 shares of the company’s stock worth $1,059,000 after purchasing an additional 1,878 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Carrier Global by 2,163.4% during the 1st quarter. SG Americas Securities LLC now owns 41,895 shares of the company’s stock worth $2,656,000 after purchasing an additional 40,044 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the subject of several recent research reports. Oppenheimer cut their price target on Carrier Global from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday, September 17th. Mizuho cut their price target on Carrier Global from $88.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, September 15th. The Goldman Sachs Group cut their price target on Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a report on Friday, September 12th. Citigroup cut their price target on Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 12th. Finally, Melius Research raised Carrier Global to a “hold” rating and set a $90.00 price target for the company in a report on Tuesday, July 1st. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $78.47.

Carrier Global Trading Up 1.0%

CARR stock 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 firm has a market cap of $50.88 billion, a P/E ratio of 13.03, a P/E/G ratio of 1.84 and a beta of 1.25. The business’s 50 day moving average is $63.44 and its 200-day moving average is $67.34. 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 (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share 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 analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is presently 19.61%.

Carrier Global 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.