Carrier Global Corporation $CARR Shares Sold by Conning Inc.

Conning Inc. trimmed its holdings in Carrier Global Corporation (NYSE:CARR) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,662 shares of the company’s stock after selling 239 shares during the period. Conning Inc.’s holdings in Carrier Global were worth $341,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CARR. Accredited Wealth Management LLC acquired a new stake in shares of Carrier Global in the 1st quarter valued at about $28,000. Investment Research & Advisory Group Inc. acquired a new stake in Carrier Global during the first quarter valued at approximately $29,000. REAP Financial Group LLC acquired a new stake in Carrier Global during the second quarter valued at approximately $29,000. Graybill Wealth Management LTD. acquired a new stake in Carrier Global during the first quarter valued at approximately $38,000. Finally, Cheviot Value Management LLC acquired a new stake in Carrier Global during the first quarter valued at approximately $38,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CARR has been the topic of several research reports. Wolfe Research dropped their price target on Carrier Global from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, September 23rd. Barclays dropped their target price on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Robert W. Baird dropped their price objective on shares of Carrier Global from $84.00 to $75.00 in a research note on Thursday, September 11th. Finally, Melius assumed coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 price objective on the stock. 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 Stock Down 2.5%

CARR stock opened at $56.63 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The firm’s 50-day simple moving average is $63.02 and its 200 day simple moving average is $67.19. The stock has a market cap of $48.19 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.76 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 net margin of 18.33% and a return on equity of 17.83%. 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. As a group, sell-side analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

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