IFP Advisors Inc Sells 13,656 Shares of Carrier Global Corporation $CARR

IFP Advisors Inc lowered its position in Carrier Global Corporation (NYSE:CARR) by 12.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,557 shares of the company’s stock after selling 13,656 shares during the quarter. IFP Advisors Inc’s holdings in Carrier Global were worth $6,774,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CARR. Brighton Jones LLC increased its holdings in shares of Carrier Global by 30.3% in the fourth 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 period. Farther Finance Advisors LLC increased its holdings in shares of Carrier Global by 36.2% in the first 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 period. GAMMA Investing LLC increased its holdings in shares of Carrier Global by 12.7% in the first 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 period. SG Americas Securities LLC increased its stake in Carrier Global by 2,163.4% in the first quarter. SG Americas Securities LLC now owns 41,895 shares of the company’s stock valued at $2,656,000 after acquiring an additional 40,044 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Carrier Global by 1,046.1% in the first quarter. Assenagon Asset Management S.A. now owns 741,177 shares of the company’s stock valued at $46,991,000 after acquiring an additional 676,508 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 2.9%

Shares of NYSE:CARR opened at $58.08 on Friday. The stock’s 50-day moving average price is $63.23 and its 200-day moving average price is $67.27. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The stock has a market capitalization of $49.43 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 1.86 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 (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (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 firm had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, 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. Stockholders of record on Wednesday, October 29th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, October 29th. Carrier Global’s dividend payout ratio is currently 19.61%.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of research analyst reports. Barclays reduced their target price on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Morgan Stanley reduced their target price on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. Wolfe Research reduced their target price on Carrier Global from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.