Cookson Peirce & Co. Inc. Takes Position in Carrier Global Corporation $CARR

Cookson Peirce & Co. Inc. acquired a new stake in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,891 shares of the company’s stock, valued at approximately $578,000.

Other hedge funds also recently modified their holdings of the company. Accredited Wealth Management LLC bought a new position in Carrier Global during the first quarter worth about $28,000. REAP Financial Group LLC bought a new position in Carrier Global during the second quarter worth about $29,000. Graybill Wealth Management LTD. bought a new position in Carrier Global during the first quarter worth about $38,000. Cheviot Value Management LLC bought a new position in Carrier Global during the first quarter worth about $38,000. Finally, Richardson Financial Services Inc. grew its holdings in Carrier Global by 1,536.6% during the second quarter. Richardson Financial Services Inc. now owns 671 shares of the company’s stock worth $50,000 after purchasing an additional 630 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.6%

Shares of CARR stock opened at $57.08 on Friday. The firm has a 50 day moving average price of $61.44 and a two-hundred day moving average price of $66.87. 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 capitalization of $48.58 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share 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 the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th will be given 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 payout ratio is presently 19.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CARR shares. Wells Fargo & Company reduced their price target on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. The Goldman Sachs Group reduced their price target on Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a report on Friday, September 12th. Barclays reduced their price target on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Melius Research upgraded shares of Carrier Global to a “hold” rating and set a $90.00 price objective for the company in a research report on Tuesday, July 1st. Finally, Robert W. Baird cut their price objective on shares of Carrier Global from $84.00 to $75.00 in a research report on Thursday, September 11th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $75.67.

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.