Delta Financial Advisors LLC Acquires 1,044 Shares of Carrier Global Corporation $CARR

Delta Financial Advisors LLC boosted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 3.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 35,169 shares of the company’s stock after acquiring an additional 1,044 shares during the quarter. Delta Financial Advisors LLC’s holdings in Carrier Global were worth $2,574,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Carrier Global by 4.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,551,099 shares of the company’s stock valued at $113,586,000 after purchasing an additional 68,795 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Carrier Global by 63.5% during the second quarter. Parkside Financial Bank & Trust now owns 5,913 shares of the company’s stock worth $433,000 after buying an additional 2,297 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Carrier Global by 4,806.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 201,257 shares of the company’s stock valued at $14,730,000 after purchasing an additional 197,155 shares during the period. RWA Wealth Partners LLC boosted its stake in shares of Carrier Global by 38.9% in the second quarter. RWA Wealth Partners LLC now owns 7,498 shares of the company’s stock valued at $549,000 after buying an additional 2,098 shares during the period. Finally, AE Wealth Management LLC grew its position in Carrier Global by 25.8% during the second quarter. AE Wealth Management LLC now owns 11,023 shares of the company’s stock worth $807,000 after buying an additional 2,264 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Up 1.5%

Shares of Carrier Global stock opened at $57.42 on Friday. The firm’s 50 day moving average is $59.66 and its 200 day moving average is $66.86. The firm has a market capitalization of $48.36 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 2.37 and a beta of 1.30. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $81.09. The company has a current ratio of 1.14, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.65 billion. Carrier Global had a net margin of 18.05% and a return on equity of 16.65%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. Equities research analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, October 29th. This represents a $0.90 dividend on an annualized basis and a yield of 1.6%. Carrier Global’s payout ratio is currently 20.13%.

Carrier Global declared that its Board of Directors has initiated a share repurchase program on Tuesday, October 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Rothschild & Co Redburn upped their target price on Carrier Global from $66.00 to $67.00 in a research report on Thursday, October 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. JPMorgan Chase & Co. decreased their target price on shares of Carrier Global from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Mizuho lowered 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 report on Friday, October 17th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.18.

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.