39,552 Shares in Carrier Global Corporation $CARR Acquired by United Capital Financial Advisors LLC

Key Points

• United Capital Financial Advisors acquired 39,552 Carrier Global shares worth approximately $2.9 million during the second quarter. Institutional investors own about 91% of the company.
• Analyst sentiment is generally positive, with Carrier Global 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 EPS and $6.35 billion in revenue, while maintaining a quarterly dividend of $0.24 per share, equivalent to a 1.6% annual yield.

United Capital Financial Advisors LLC purchased a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,552 shares of the company's stock, valued at approximately $2,901,000.

Other large investors also recently modified their holdings of the company. Dearborn Partners LLC purchased a new position in Carrier Global in the second quarter valued at $2,819,000. Brooks Moore & Associates Inc. purchased a new position in shares of Carrier Global in the 2nd quarter valued at about $223,000. Hamilton Capital LLC acquired a new stake in shares of Carrier Global during the 2nd quarter worth about $226,000. Equitable Holdings Inc. purchased a new stake in Carrier Global during the second quarter worth approximately $1,195,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Carrier Global during the second quarter worth approximately $21,345,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented 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. Sanford C. Bernstein reissued a "market perform" rating and issued a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. Zacks Research upgraded shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Finally, Morgan Stanley lifted their target price on Carrier Global from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Carrier Global presently has a consensus rating of "Moderate Buy" and an average price target of $73.67.

Carrier Global Stock Down 0.2%

Shares of NYSE:CARR opened at $58.73 on Friday. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. 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 cap of $48.41 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.17 and a beta of 1.31. The firm has a fifty day moving average price of $66.15 and a 200 day moving average price of $63.98.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the business posted $0.92 earnings per share. Carrier Global's quarterly revenue was up 3.9% on a year-over-year basis. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were paid 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 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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