US Bancorp DE Acquires 19,976 Shares of Carrier Global Corporation $CARR

US Bancorp DE lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 529,191 shares of the company’s stock after purchasing an additional 19,976 shares during the quarter. US Bancorp DE’s holdings in Carrier Global were worth $38,732,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Baxter Bros Inc. acquired a new stake in shares of Carrier Global during the 2nd quarter worth approximately $213,000. Armstrong Fleming & Moore Inc acquired a new stake in shares of Carrier Global during the 2nd quarter worth approximately $216,000. InTrack Investment Management Inc boosted its position in shares of Carrier Global by 1.3% during the 2nd quarter. InTrack Investment Management Inc now owns 19,477 shares of the company’s stock worth $1,426,000 after acquiring an additional 251 shares in the last quarter. Notis McConarty Edward boosted its position in shares of Carrier Global by 4.4% during the 2nd quarter. Notis McConarty Edward now owns 54,290 shares of the company’s stock worth $3,973,000 after acquiring an additional 2,310 shares in the last quarter. Finally, Dempze Nancy E boosted its position in shares of Carrier Global by 4.9% during the 2nd quarter. Dempze Nancy E now owns 50,078 shares of the company’s stock worth $3,665,000 after acquiring an additional 2,319 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CARR. Barclays reduced their price target on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Robert W. Baird reduced their price target on shares of Carrier Global from $84.00 to $75.00 in a research report on Thursday, September 11th. Mizuho cut their target price on shares of Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Wolfe Research cut their target price on shares of Carrier Global from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday. 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 on the stock in a research report on Friday, September 12th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.42.

Carrier Global Price Performance

CARR stock opened at $58.08 on Friday. The company has a fifty day moving average price of $63.23 and a 200-day moving average price of $67.27. The company has a market capitalization of $49.43 billion, a P/E ratio of 12.65, a PEG ratio of 1.86 and a beta of 1.25. 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 released 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 during the quarter, compared to the consensus estimate 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. As a group, equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.90 annualized dividend and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is presently 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.