Aull & Monroe Investment Management Corp Decreases Stock Holdings in Carrier Global Corporation $CARR

Aull & Monroe Investment Management Corp decreased its position in Carrier Global Corporation (NYSE:CARR) by 29.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,183 shares of the company’s stock after selling 2,600 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in Carrier Global were worth $453,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. REAP Financial Group LLC purchased a new position in shares of Carrier Global in the second quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new position in shares of Carrier Global in the first quarter valued at about $28,000. Graybill Wealth Management LTD. purchased a new position in shares of Carrier Global in the first quarter valued at about $38,000. Cheviot Value Management LLC purchased a new position in shares of Carrier Global in the first quarter valued at about $38,000. Finally, Richardson Financial Services Inc. increased its position in shares of Carrier Global by 1,536.6% in the second quarter. Richardson Financial Services Inc. now owns 671 shares of the company’s stock valued at $50,000 after acquiring an additional 630 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 1.0%

NYSE:CARR opened at $56.21 on Friday. Carrier Global Corporation has a one year low of $54.22 and a one year high of $82.18. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The company’s 50-day simple moving average is $62.09 and its 200 day simple moving average is $66.94. The firm has a market capitalization of $47.84 billion, a P/E ratio of 12.25, a PEG ratio of 1.81 and a beta of 1.25.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping 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 business 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, analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be paid 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 payout ratio is presently 19.61%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Melius Research upgraded shares of Carrier Global to a “hold” rating and set a $90.00 price objective 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. Oppenheimer cut shares of Carrier Global from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Zacks Research cut shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Carrier Global in a research report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $75.67.

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.