Gables Capital Management Inc. Has $150,000 Stock Position in Carrier Global Corporation $CARR

Gables Capital Management Inc. cut its stake in Carrier Global Corporation (NYSE:CARR) by 8.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,050 shares of the company’s stock after selling 200 shares during the quarter. Gables Capital Management Inc.’s holdings in Carrier Global were worth $150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Accredited Wealth Management LLC bought a new stake in shares of Carrier Global in the 1st quarter valued at about $28,000. REAP Financial Group LLC bought a new stake in shares of Carrier Global in the 2nd quarter valued at about $29,000. Graybill Wealth Management LTD. bought a new stake in shares of Carrier Global in the 1st quarter valued at about $38,000. Cheviot Value Management LLC bought a new stake in shares of Carrier Global in the 1st quarter valued at about $38,000. Finally, Richardson Financial Services Inc. increased its stake in shares of Carrier Global by 1,536.6% in the 2nd 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 last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CARR shares. Wells Fargo & Company lowered their price target on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. Morgan Stanley lowered their target price on Carrier Global from $75.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Rothschild & Co Redburn lowered their target price on Carrier Global from $76.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Barclays lowered their target price on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Hold” and a consensus target price of $75.67.

Carrier Global Trading Up 3.8%

NYSE:CARR opened at $59.84 on Wednesday. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $81.30. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $61.82 and a two-hundred day moving average price of $66.94. The company has a market cap of $50.92 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.89 and a beta of 1.25.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping 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 firm had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.90 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s dividend payout ratio is 19.61%.

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.