Prudent Man Advisors LLC Sells 201 Shares of Carrier Global Corporation $CARR

Prudent Man Advisors LLC trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,274 shares of the company’s stock after selling 201 shares during the period. Prudent Man Advisors LLC’s holdings in Carrier Global were worth $679,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. REAP Financial Group LLC bought a new stake in shares of Carrier Global during the second quarter worth approximately $29,000. Accredited Wealth Management LLC bought a new stake in shares of Carrier Global during the first quarter worth approximately $28,000. Graybill Wealth Management LTD. bought a new stake in Carrier Global in the first quarter valued at approximately $38,000. Cheviot Value Management LLC bought a new stake in Carrier Global in the first quarter valued at approximately $38,000. Finally, Richardson Financial Services Inc. increased its stake in Carrier Global by 1,536.6% in the second quarter. Richardson Financial Services Inc. now owns 671 shares of the company’s stock valued at $50,000 after purchasing an additional 630 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CARR has been the subject of several recent analyst reports. 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 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of Carrier Global from $76.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Royal Bank Of Canada lowered their target price on shares of Carrier Global from $87.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Citigroup lowered their target price on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Finally, Robert W. Baird lowered their target price on shares of Carrier Global from $84.00 to $75.00 in a research note on Thursday, September 11th. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $75.67.

Carrier Global Stock Up 1.4%

Shares of CARR stock opened at $57.92 on Friday. The firm has a fifty day moving average of $61.29 and a 200-day moving average of $66.97. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $81.09. The company has a market capitalization of $49.29 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.90 and a beta of 1.25.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The company 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, equities research analysts predict 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. Investors of record on Wednesday, October 29th will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, October 29th. This represents a $0.90 annualized dividend and a yield of 1.6%. Carrier Global’s dividend payout ratio is presently 19.61%.

About Carrier Global

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.