Kentucky Farm Bureau Mutual Insurance Co bought 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 SEC. The fund bought 40,000 shares of the company’s stock, valued at approximately $2,934,000.
Several other hedge funds have also recently added to or reduced their stakes in CARR. Brighton Jones LLC boosted its holdings in Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after purchasing an additional 1,850 shares in the last quarter. AQR Capital Management LLC boosted its stake in Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares in the last quarter. United Bank grew its position in Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after acquiring an additional 4,956 shares during the period. Schnieders Capital Management LLC. lifted its holdings in shares of Carrier Global by 33.7% during the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after acquiring an additional 4,277 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of Carrier Global by 6.0% during the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after acquiring an additional 561 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on CARR. Evercore increased their target price on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Wells Fargo & Company lifted their target price on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Barclays lifted their price objective on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Wolfe Research restated an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $73.67.
Carrier Global Stock Down 0.5%
Shares of NYSE CARR opened at $61.13 on Thursday. The stock has a market cap of $50.39 billion, a P/E ratio of 42.45, a P/E/G ratio of 2.27 and a beta of 1.31. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The firm has a 50 day moving average price of $67.75 and a 200 day moving average price of $64.13.
Carrier Global (NYSE:CARR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts expect that Carrier Global Corporation will post 2.89 EPS for the current year.
Carrier Global Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.
About Carrier Global
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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