Vanguard Personalized Indexing Management LLC Has $7.87 Million Stock Holdings in Carrier Global Corporation $CARR

Vanguard Personalized Indexing Management LLC raised its holdings in Carrier Global Corporation (NYSE:CARR) by 8.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,468 shares of the company’s stock after acquiring 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 quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CARR. Brighton Jones LLC lifted its stake in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after acquiring an additional 1,850 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Carrier Global by 36.2% in the first quarter. Farther Finance Advisors LLC now owns 9,664 shares of the company’s stock worth $614,000 after buying an additional 2,570 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Carrier Global by 12.7% in the first quarter. GAMMA Investing LLC now owns 16,698 shares of the company’s stock worth $1,059,000 after buying an additional 1,878 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Carrier Global by 2,163.4% in the first quarter. SG Americas Securities LLC now owns 41,895 shares of the company’s stock worth $2,656,000 after buying an additional 40,044 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in shares of Carrier Global by 20.5% in the first quarter. Simon Quick Advisors LLC now owns 3,898 shares of the company’s stock worth $247,000 after buying an additional 663 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Carrier Global from $84.00 to $75.00 in a research note on Thursday, September 11th. Melius initiated coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 price objective on shares of Carrier Global in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Carrier Global from $73.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, September 23rd. Finally, The Goldman Sachs Group cut their target price 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. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $78.42.

Carrier Global Price Performance

NYSE:CARR opened at $56.63 on Monday. The stock has a market cap of $48.19 billion, a P/E ratio of 12.34, a PEG ratio of 1.78 and a beta of 1.25. 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 has a fifty day moving average price of $63.02 and a 200 day moving average price of $67.21. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32.

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. The firm had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current 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 $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 29th. Carrier Global’s payout ratio is 19.61%.

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.