Van ECK Associates Corp has purchased a new stake in Carrier Global Co. (NYSE:CARR), according to the company’s most recent disclosure with the Securities and Exchange Commission. The purchase, which took place during the 4th quarter of the year, saw Van ECK acquire 106,820 shares valued at approximately $4,406,000. It is also worth noting Carrier Global’s current dividend payout ratio is sitting at 25%. Carrier Global recorded an impressive earnings report during Q2 with EPS (earnings per share) totaling up to 0.52 USD per share, slightly more than what analysts predicted (consensus estimate was $0.49). Carrier Global appears set to soar despite current challenges facing sectors involved in residential construction amidst sluggish economic times where demand is fluid if not challenging.

Source: New York Times May 12, 2023 00:09 UTC