1,863,857 Shares in Carrier Global Corporation $CARR Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management acquired 1.86 million Carrier Global shares worth approximately $136.7 million, giving it a 0.23% stake. Institutional investors collectively own about 91% of the company.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $73.67, despite the stock opening at $61.38.
• Carrier Global exceeded quarterly expectations with $0.86 in EPS and $6.35 billion in revenue, while maintaining a quarterly dividend of $0.24, equivalent to a 1.6% annual yield.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,863,857 shares of the company's stock, valued at approximately $136,714,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.23% of Carrier Global as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CARR. Torren Management LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth about $25,000. Financial Management Professionals Inc. lifted its stake in Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock valued at $28,000 after buying an additional 225 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in Carrier Global in the 4th quarter worth about $33,000. Signature Equity Partners LLC increased its stake in Carrier Global by 449.2% during the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company's stock worth $36,000 after buying an additional 530 shares in the last quarter. Finally, Reflection Asset Management acquired a new position in shares of Carrier Global during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CARR shares. Evercore boosted their price target on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Barclays raised their price target on shares of Carrier Global from $67.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Sanford C. Bernstein reissued a "market perform" rating and issued a $78.00 target price on shares of Carrier Global in a research note on Thursday, July 30th. Mizuho increased their price target on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. 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 research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $73.67.

Carrier Global Trading 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 P/E ratio of 42.62, a PEG ratio of 2.32 and a beta of 1.31. The firm's 50-day moving average is $67.89 and its two-hundred day moving average is $64.12. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business's revenue was up 3.9% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global's payout ratio 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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