Great Lakes Advisors LLC acquired a new position in Carrier Global Corporation (NYSE:CARR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 148,629 shares of the company’s stock, valued at approximately $10,902,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Wealth Management LLC bought a new stake in Carrier Global in the second quarter worth $881,000. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Carrier Global during the second quarter valued at about $11,628,000. Danske Bank A S bought a new position in shares of Carrier Global during the second quarter valued at about $19,801,000. Gables Capital Management Inc. purchased a new position in shares of Carrier Global in the second quarter worth about $150,000. Finally, Wealthfront Advisers LLC purchased a new position in shares of Carrier Global in the second quarter worth about $7,169,000. Institutional investors own 91.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on CARR shares. Barclays increased their target price on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Mizuho boosted their price objective on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. One 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 stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.
Carrier Global Stock Down 1.9%
NYSE CARR opened at $61.38 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The stock has a market capitalization of $50.59 billion, a PE ratio of 42.62, a PEG ratio of 2.32 and a beta of 1.31. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The business’s 50-day moving average is $67.89 and its 200 day moving average is $64.12.
Carrier Global (NYSE:CARR – Get Free Report) last announced its quarterly earnings results 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. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the business earned $0.92 EPS. Carrier Global’s revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current year.
Carrier Global Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio is currently 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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