Elefante Mark B Acquires 2,080 Shares of Carrier Global Corporation $CARR

Elefante Mark B grew its holdings in Carrier Global Corporation (NYSE:CARR) by 4.9% in the 2nd quarter, Holdings Channel reports. The fund owned 44,145 shares of the company’s stock after purchasing an additional 2,080 shares during the quarter. Carrier Global comprises 2.4% of Elefante Mark B’s portfolio, making the stock its 20th biggest holding. Elefante Mark B’s holdings in Carrier Global were worth $3,231,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in Carrier Global by 17.6% during the first quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock worth $1,973,444,000 after buying an additional 4,668,929 shares in the last quarter. Nuveen LLC acquired a new position in shares of Carrier Global in the 1st quarter valued at $649,512,000. Brown Advisory Inc. raised its stake in shares of Carrier Global by 82.6% in the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock valued at $613,330,000 after buying an additional 4,377,402 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Carrier Global by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,968,294 shares of the company’s stock valued at $441,790,000 after buying an additional 38,233 shares in the last quarter. Finally, PineStone Asset Management Inc. raised its stake in shares of Carrier Global by 12.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 5,300,483 shares of the company’s stock valued at $387,942,000 after buying an additional 601,967 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of recent research reports. Jefferies Financial Group restated 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. Morgan Stanley cut their price objective on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $79.00 price objective on shares of Carrier Global in a report on Tuesday, July 15th. Finally, Wells Fargo & Company cut their price objective on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.42.

Carrier Global Stock Up 0.4%

Shares of NYSE CARR opened at $56.89 on Tuesday. The stock has a market cap of $48.41 billion, a PE ratio of 12.39, a PEG ratio of 1.78 and a beta of 1.25. The business has a fifty day moving average of $62.83 and a two-hundred day moving average of $67.16. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The company had revenue of $6.11 billion during 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, equities research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) 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.