Carrier Global Corporation $CARR Stock Position Raised by AlphaQuest LLC

AlphaQuest LLC grew its position in Carrier Global Corporation (NYSE:CARR) by 385.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,964 shares of the company’s stock after purchasing an additional 7,117 shares during the period. AlphaQuest LLC’s holdings in Carrier Global were worth $656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Accredited Wealth Management LLC bought a new position in Carrier Global in the 1st quarter worth about $28,000. REAP Financial Group LLC acquired a new stake in shares of Carrier Global in the 2nd quarter worth approximately $29,000. Graybill Wealth Management LTD. acquired a new stake in shares of Carrier Global in the 1st quarter worth approximately $38,000. Cheviot Value Management LLC acquired a new stake in shares of Carrier Global in the 1st quarter worth approximately $38,000. Finally, Richardson Financial Services Inc. lifted its stake in shares of Carrier Global by 1,536.6% in the 2nd quarter. Richardson Financial Services Inc. now owns 671 shares of the company’s stock worth $50,000 after acquiring an additional 630 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $58.23 on Tuesday. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $81.09. The firm’s fifty day simple moving average is $61.13 and its 200 day simple moving average is $66.99. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $49.55 billion, a PE ratio of 12.69, a PEG ratio of 1.90 and a beta of 1.25.

Carrier Global (NYSE:CARR) last posted 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. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, October 29th. Carrier Global’s dividend payout ratio (DPR) is currently 19.61%.

Analysts Set New Price Targets

CARR has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. Wolfe Research reduced their price target on shares of Carrier Global from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Melius Research raised shares of Carrier Global to a “hold” rating and set a $90.00 target price for the company in a research note on Tuesday, July 1st. Zacks Research lowered shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Melius started coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.41.

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.