Kingswood Wealth Advisors LLC Reduces Stock Holdings in Carrier Global Corporation $CARR

Kingswood Wealth Advisors LLC decreased its holdings in Carrier Global Corporation (NYSE:CARR) by 40.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,687 shares of the company’s stock after selling 7,282 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Carrier Global were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Penobscot Investment Management Company Inc. boosted its position in shares of Carrier Global by 0.7% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock valued at $1,525,000 after acquiring an additional 155 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Carrier Global by 1.3% during the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock valued at $779,000 after acquiring an additional 156 shares during the last quarter. Code Waechter LLC boosted its position in shares of Carrier Global by 5.1% during the 1st quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock valued at $214,000 after acquiring an additional 164 shares during the last quarter. Abacus Wealth Partners LLC boosted its position in shares of Carrier Global by 4.3% during the 2nd quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company’s stock valued at $291,000 after acquiring an additional 165 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Carrier Global by 2.9% during the 1st quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company’s stock valued at $424,000 after acquiring an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley lowered their target price on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. Oppenheimer lowered their price target on Carrier Global from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, September 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Carrier Global in a research report on Wednesday. Finally, Rothschild & Co Redburn lowered their price target on Carrier Global from $76.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.47.

Carrier Global Stock Performance

CARR stock opened at $59.79 on Thursday. 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’s fifty day simple moving average is $63.44 and its two-hundred day simple moving average is $67.34. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The firm has a market cap of $50.88 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.84 and a beta of 1.25.

Carrier Global (NYSE:CARR) last released its 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 business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders 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 yield of 1.5%. Carrier Global’s payout ratio is 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.