70,370 Shares in Carrier Global Corporation $CARR Acquired by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC purchased a new position in Carrier Global Corporation (NYSE:CARR) in the third quarter, HoldingsChannel.com reports. The firm purchased 70,370 shares of the company’s stock, valued at approximately $4,201,000.

Several other large investors also recently bought and sold shares of the company. AdvisorShares Investments LLC acquired a new position in shares of Carrier Global during the second quarter worth $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Carrier Global during the 2nd quarter worth $26,000. Winnow Wealth LLC acquired a new position in Carrier Global in the 2nd quarter worth $26,000. Traub Capital Management LLC purchased a new position in Carrier Global in the 2nd quarter valued at about $27,000. Finally, REAP Financial Group LLC purchased a new position in Carrier Global in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR opened at $56.20 on Friday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a current ratio of 1.14, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The firm has a market cap of $47.33 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 2.15 and a beta of 1.31. The stock has a 50 day moving average of $53.82 and a 200-day moving average of $61.16.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.10. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.65 billion. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.The business’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global declared that its Board of Directors has approved a share buyback plan on Tuesday, October 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th will be issued a $0.24 dividend. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $0.96 annualized dividend and a dividend yield of 1.7%. Carrier Global’s dividend payout ratio (DPR) is presently 20.13%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley set a $55.00 price target on Carrier Global in a research note on Thursday, January 8th. Wells Fargo & Company dropped their price objective on Carrier Global from $62.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, December 4th. JPMorgan Chase & Co. increased their target price on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday. Wolfe Research decreased their price target on shares of Carrier Global from $74.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Citigroup dropped their price target on shares of Carrier Global from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $71.00.

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.