Deutsche Bank AG purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,265,376 shares of the company’s stock, valued at approximately $166,165,000.
Several other hedge funds also recently modified their holdings of the company. Dynamic Advisor Solutions LLC lifted its holdings in shares of Carrier Global by 2.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock valued at $426,000 after buying an additional 158 shares during the period. Aigen Investment Management LP grew its holdings in Carrier Global by 0.3% during the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after acquiring an additional 166 shares during the period. Advisory Alpha LLC grew its holdings in Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after acquiring an additional 171 shares during the period. Texas Bank & Trust Co grew its holdings in Carrier Global by 1.3% during the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after acquiring an additional 175 shares during the period. Finally, Advisor OS LLC raised its position in Carrier Global by 0.8% in the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after acquiring an additional 178 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CARR has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Wolfe Research reiterated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.67.
Carrier Global Trading Down 0.5%
Shares of NYSE CARR opened at $61.13 on Thursday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The company has a market cap of $50.39 billion, a price-to-earnings ratio of 42.45, a P/E/G ratio of 2.27 and a beta of 1.31. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $67.75 and a 200-day simple moving average of $64.13.
Carrier Global (NYSE:CARR – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts predict that Carrier Global Corporation will post 2.89 EPS for the current year.
Carrier Global Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 21st. 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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