Carrier Global Corporation $CARR Shares Bought by Hartline Investment Corp

Hartline Investment Corp raised its stake in Carrier Global Corporation (NYSE:CARR) by 182.1% during the second quarter, Holdings Channel reports. The firm owned 83,982 shares of the company’s stock after purchasing an additional 54,208 shares during the period. Hartline Investment Corp’s holdings in Carrier Global were worth $6,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CARR. Accredited Wealth Management LLC acquired a new position in shares of Carrier Global during the 1st quarter valued at $28,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Carrier Global during the 1st quarter valued at $29,000. REAP Financial Group LLC acquired a new position in shares of Carrier Global during the 2nd quarter valued at $29,000. Graybill Wealth Management LTD. acquired a new position in shares of Carrier Global during the 1st quarter valued at $38,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Carrier Global during the 1st quarter valued at $38,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CARR shares. Rothschild & Co Redburn reduced their target price on shares of Carrier Global from $76.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Morgan Stanley reduced their target price on shares of Carrier Global from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Carrier Global in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on shares of Carrier Global from $76.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company cut their price objective on shares of Carrier Global from $75.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $75.67.

Carrier Global Stock Performance

Shares of CARR stock opened at $56.21 on Friday. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $82.18. 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 firm has a market capitalization of $47.84 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.82 and a beta of 1.25. The company’s fifty day moving average price is $62.09 and its two-hundred day moving average price is $66.93.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The business 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. On average, research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, October 29th. 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.