Notis McConarty Edward Raises Stock Holdings in Carrier Global Corporation $CARR

Notis McConarty Edward grew its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,290 shares of the company’s stock after purchasing an additional 2,310 shares during the quarter. Carrier Global makes up approximately 1.9% of Notis McConarty Edward’s holdings, making the stock its 20th biggest position. Notis McConarty Edward’s holdings in Carrier Global were worth $3,973,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CARR. Penobscot Investment Management Company Inc. grew its stake in Carrier Global by 0.7% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock valued at $1,525,000 after acquiring an additional 155 shares during the period. Lindbrook Capital LLC grew its stake in Carrier Global by 1.3% in the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock valued at $779,000 after acquiring an additional 156 shares during the period. Code Waechter LLC grew its stake in Carrier Global by 5.1% in the 1st quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock valued at $214,000 after acquiring an additional 164 shares during the period. Abacus Wealth Partners LLC grew its stake in Carrier Global by 4.3% in the 2nd quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company’s stock valued at $291,000 after acquiring an additional 165 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in Carrier Global by 2.9% in the 1st quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company’s stock valued at $424,000 after acquiring an additional 168 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Morgan Stanley reduced their price objective on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Melius Research raised Carrier Global to a “hold” rating and set a $90.00 price objective for the company in a research note on Tuesday, July 1st. Melius began coverage on Carrier Global in a research note on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price objective for the company. Finally, Rothschild & Co Redburn reduced their price objective on Carrier Global from $76.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus target price of $78.47.

Carrier Global Stock Performance

NYSE CARR opened at $59.79 on Thursday. The stock has a market cap of $50.88 billion, a PE ratio of 13.03, a P/E/G ratio of 1.84 and a beta of 1.25. 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 Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The stock has a fifty day simple moving average of $63.44 and a 200-day simple moving average of $67.34.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates 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 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. Equities analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

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

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.