Baker Chad R Has $15.10 Million Stake in Carrier Global Corporation $CARR

Baker Chad R lowered its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,905 shares of the company’s stock after selling 10,995 shares during the period. Carrier Global comprises 2.6% of Baker Chad R’s portfolio, making the stock its 13th largest holding. Baker Chad R’s holdings in Carrier Global were worth $15,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tower View Wealth Management LLC lifted its holdings in shares of Carrier Global by 3.4% during the 3rd quarter. Tower View Wealth Management LLC now owns 61,780 shares of the company’s stock worth $3,688,000 after acquiring an additional 2,050 shares during the period. KRS Capital Management LLC increased its stake in Carrier Global by 4.7% in the third quarter. KRS Capital Management LLC now owns 5,807 shares of the company’s stock valued at $347,000 after acquiring an additional 259 shares during the period. Trust Co. of Toledo NA OH raised its position in Carrier Global by 5.9% in the third quarter. Trust Co. of Toledo NA OH now owns 24,679 shares of the company’s stock worth $1,473,000 after purchasing an additional 1,372 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in Carrier Global by 7.7% during the third quarter. HBK Sorce Advisory LLC now owns 14,867 shares of the company’s stock worth $851,000 after purchasing an additional 1,067 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Carrier Global by 10.6% during the third quarter. Blue Trust Inc. now owns 3,417 shares of the company’s stock valued at $204,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.2%

NYSE CARR opened at $53.59 on Friday. The stock’s 50 day simple moving average is $54.98 and its 200 day simple moving average is $62.98. Carrier Global Corporation has a one year low of $50.30 and a one year high of $81.09. The firm has a market cap of $45.13 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 2.32 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.75.

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

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, January 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s dividend payout ratio is 20.13%.

Carrier Global announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CARR. Wolfe Research set a $74.00 target price on Carrier Global in a report on Tuesday, December 9th. Mizuho lowered their price target on Carrier Global from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Friday, November 21st. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Finally, Royal Bank Of Canada reduced their target price on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.00.

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.