63,336 Shares of Carrier Global Corporation $CARR Bought by Truefg LLC

Key Points

• Truefg LLC acquired 63,336 Carrier Global shares during the third quarter, valued at approximately $3.48 million and representing 0.8% of its portfolio. Institutional investors and hedge funds collectively own about 91% of CARR.
• Carrier reported quarterly EPS of $0.86, exceeding estimates by $0.04, while revenue of $6.35 billion surpassed forecasts and increased 3.9% year over year.
• Carrier declared a quarterly dividend of $0.24, equivalent to $0.96 annually and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $70.71, above the reported share price of $54.21.

Truefg LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 63,336 shares of the company's stock, valued at approximately $3,475,000. Carrier Global makes up 0.8% of Truefg LLC's portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new position in shares of Carrier Global in the second quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Carrier Global during the 2nd quarter worth about $26,000. Financial Management Professionals Inc. boosted its stake in Carrier Global by 142.4% during 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. Burnham & Co LLC bought a new stake in Carrier Global during the 2nd quarter valued at approximately $37,000. Finally, Downshift Financial LLC boosted its stake in Carrier Global by 69.5% during the 3rd quarter. Downshift Financial LLC now owns 517 shares of the company's stock valued at $28,000 after purchasing an additional 212 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 1.5%

Shares of NYSE CARR opened at $54.21 on Thursday. The stock has a market cap of $44.68 billion, a PE ratio of 37.64, a PEG ratio of 1.88 and a beta of 1.29. The business has a fifty day moving average of $57.96 and a two-hundred day moving average of $62.84. 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.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.92 EPS. Carrier Global's revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities research analysts expect that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Thursday, October 29th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 29th. Carrier Global's dividend payout ratio (DPR) is currently 66.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reduced their price objective on Carrier Global from $82.00 to $72.00 and set an "outperform" rating for the company in a research report on Wednesday. Citigroup boosted their target price on shares of Carrier Global from $79.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. The Goldman Sachs Group downgraded shares of Carrier Global from a "buy" rating to a "neutral" rating and reduced their price target for the company from $74.00 to $61.00 in a report on Wednesday. Wells Fargo & Company assumed coverage on shares of Carrier Global in a research report on Thursday, September 24th. They issued an "overweight" rating and a $67.00 price target on the stock. Finally, Wolfe Research restated an "outperform" rating and issued a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.71.

Carrier Global Company Profile

Carrier Global Corporation NYSE: CARR is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.

Want to see what other hedge funds are holding CARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrier Global Corporation (NYSE:CARR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.