Carrier Global Corporation $CARR Shares Bought by Hartline Investment Corp

Hartline Investment Corp grew its stake in shares of Carrier Global Corporation (NYSE:CARR) by 182.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,982 shares of the company’s stock after acquiring an additional 54,208 shares during the period. Hartline Investment Corp’s holdings in Carrier Global were worth $6,147,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CARR. Nuveen LLC purchased a new position in shares of Carrier Global during the 1st quarter worth approximately $649,512,000. JPMorgan Chase & Co. increased its stake in shares of Carrier Global by 17.6% during the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock worth $1,973,444,000 after purchasing an additional 4,668,929 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Carrier Global by 82.6% during the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock worth $613,330,000 after purchasing an additional 4,377,402 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Carrier Global by 61.9% during the 1st quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company’s stock worth $273,812,000 after purchasing an additional 1,651,873 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Carrier Global by 23.5% during the 1st quarter. Victory Capital Management Inc. now owns 4,512,774 shares of the company’s stock worth $286,110,000 after purchasing an additional 857,694 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CARR. JPMorgan Chase & Co. dropped their price objective on shares of Carrier Global from $76.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. The Goldman Sachs Group dropped their price objective on shares of Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday, October 8th. Finally, Mizuho dropped their price objective on shares of Carrier Global from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $75.67.

Carrier Global Stock Performance

Carrier Global stock opened at $56.21 on Friday. The firm has a market capitalization of $47.84 billion, a P/E ratio of 12.25, a PEG ratio of 1.82 and a beta of 1.25. The stock has a fifty day moving average price of $62.09 and a 200 day moving average price of $66.93. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $82.18. 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 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. The firm had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Equities research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business 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 $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, October 29th. 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.