34,332 Shares in Carrier Global Corporation $CARR Purchased by Vise Technologies Inc.

Key Points

• Vise Technologies acquired 34,332 shares of Carrier Global during the second quarter, valued at approximately $2.52 million. Institutional investors collectively own about 91% of the company’s stock.
• Analysts maintain a generally positive outlook, with Carrier receiving a consensus “Moderate Buy” rating and an average price target of $73.67; several firms recently raised their targets.
• Carrier exceeded quarterly expectations, reporting $0.86 in adjusted EPS and $6.35 billion in revenue, while maintaining a quarterly dividend of $0.24 per share, or a 1.6% annualized yield.

Vise Technologies Inc. purchased a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,332 shares of the company's stock, valued at approximately $2,518,000.

Several other large investors have also recently bought and sold shares of CARR. Torren Management LLC acquired a new stake in Carrier Global during the fourth quarter worth approximately $25,000. Johnson Financial Group Inc. acquired a new position in shares of Carrier Global in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new stake in Carrier Global in the 2nd quarter valued at $26,000. Financial Management Professionals Inc. boosted 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 purchasing an additional 225 shares during the period. Finally, Garton & Associates Financial Advisors LLC acquired a new position in Carrier Global in the 4th quarter valued at $33,000. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CARR has been the topic of several recent research reports. Zacks Research upgraded Carrier Global from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Wolfe Research reaffirmed an "outperform" rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Barclays lifted their price objective 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. Wells Fargo & Company increased their target price on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. One equities research 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 stock. According to MarketBeat, Carrier Global presently has a consensus rating of "Moderate Buy" and an average price target of $73.67.

Carrier Global Trading Up 0.4%

CARR opened at $60.40 on Friday. The stock has a market capitalization of $49.79 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 2.22 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. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a 50-day simple moving average of $67.37 and a 200 day simple moving average of $64.11.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts predict that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. Carrier Global's dividend payout ratio (DPR) is currently 66.67%.

Carrier Global 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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