Trust Co. of Toledo NA OH Increases Position in Carrier Global Corporation $CARR

Trust Co. of Toledo NA OH lifted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 18.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,307 shares of the company’s stock after acquiring an additional 3,620 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Carrier Global were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CARR. Nuveen LLC purchased a new stake in shares of Carrier Global during the first quarter worth $649,512,000. JPMorgan Chase & Co. increased its holdings in Carrier Global by 17.6% in the first quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock valued at $1,973,444,000 after buying an additional 4,668,929 shares during the last quarter. Brown Advisory Inc. increased its holdings in Carrier Global by 82.6% in the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock valued at $613,330,000 after buying an additional 4,377,402 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Carrier Global by 61.9% in the first quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company’s stock valued at $273,812,000 after buying an additional 1,651,873 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Carrier Global by 23.5% in the first quarter. Victory Capital Management Inc. now owns 4,512,774 shares of the company’s stock valued at $286,110,000 after buying an additional 857,694 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $56.63 on Friday. 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 company has a market cap of $48.19 billion, a P/E ratio of 12.34, a PEG ratio of 1.81 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 50-day moving average price of $63.02 and a 200 day moving average price of $67.19.

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. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The company had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed 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 1.6%. Carrier Global’s payout ratio is currently 19.61%.

Analysts Set New Price Targets

Several research firms recently commented on CARR. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $79.00 target price on shares of Carrier Global in a report on Tuesday, July 15th. Robert W. Baird dropped their target price on Carrier Global from $84.00 to $75.00 in a report on Thursday, September 11th. Mizuho dropped their target price on Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Melius Research raised Carrier Global to a “hold” rating and set a $90.00 target price on the stock in a report on Tuesday, July 1st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.42.

Carrier Global 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.