Vanguard Personalized Indexing Management LLC Purchases 8,595 Shares of Carrier Global Corporation $CARR

Vanguard Personalized Indexing Management LLC lifted its position in Carrier Global Corporation (NYSE:CARR) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 107,468 shares of the company’s stock after purchasing an additional 8,595 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Carrier Global were worth $7,870,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CARR. Accredited Wealth Management LLC bought a new stake in shares of Carrier Global in the 1st quarter worth about $28,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Carrier Global in the 1st quarter worth about $29,000. REAP Financial Group LLC bought a new stake in shares of Carrier Global in the 2nd quarter worth about $29,000. Graybill Wealth Management LTD. bought a new stake in shares of Carrier Global in the 1st quarter worth about $38,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Carrier Global in the 1st quarter worth about $38,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE:CARR opened at $56.63 on Monday. The firm has a fifty day simple moving average of $63.02 and a 200 day simple moving average of $67.21. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The stock has a market capitalization of $48.19 billion, a PE ratio of 12.34, a P/E/G ratio of 1.78 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 results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) 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 business had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, research analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.90 annualized dividend and a yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 19.61%.

Wall Street Analyst Weigh In

CARR has been the topic of several research reports. Melius Research upgraded shares of Carrier Global to a “hold” rating and set a $90.00 price target on the stock in a research report on Tuesday, July 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Carrier Global in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, September 23rd. Barclays lowered their target price on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Finally, Rothschild & Co Redburn lowered their target price 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 equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.42.

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.