OneDigital Investment Advisors LLC acquired a new position in shares of Carrier Global Corporation (NYSE:CARR – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 30,288 shares of the company’s stock, valued at approximately $2,222,000.
Several other large investors also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC raised its stake in Carrier Global by 2.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after buying an additional 158 shares during the period. Aigen Investment Management LP grew its stake in Carrier Global by 0.3% in the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after acquiring an additional 166 shares during the period. Advisory Alpha LLC grew its stake in Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after acquiring an additional 171 shares during the period. Texas Bank & Trust Co increased its holdings in shares of Carrier Global by 1.3% during the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock valued at $742,000 after acquiring an additional 175 shares in the last quarter. Finally, Advisor OS LLC raised its position in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after purchasing an additional 178 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CARR. Wells Fargo & Company raised their price objective on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. The Goldman Sachs Group upped their target price on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.
Carrier Global Stock Performance
Shares of Carrier Global stock opened at $62.78 on Monday. The business’s fifty day simple moving average is $68.18 and its 200 day simple moving average is $64.06. The firm has a market capitalization of $51.75 billion, a P/E ratio of 43.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.
Carrier Global (NYSE:CARR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current year.
Carrier Global Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were paid a $0.24 dividend. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is presently 66.67%.
Carrier Global Company Profile
Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.
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