92,431 Shares in Carrier Global Corporation $CARR Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 92,431 shares of Carrier Global in the second quarter, valued at approximately $6.78 million. Institutional investors collectively own about 91% of the company.
• Carrier reported quarterly EPS of $0.86, exceeding the $0.82 consensus estimate, while revenue of $6.35 billion also surpassed expectations and rose 3.9% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $73.67, compared with shares opening at $60.40; Carrier also pays a $0.24 quarterly dividend, yielding about 1.6% annually.

Callan Family Office LLC bought a new position in Carrier Global Corporation (NYSE:CARR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 92,431 shares of the company's stock, valued at approximately $6,780,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in Carrier Global in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of Carrier Global during the 2nd quarter valued at $26,000. Financial Management Professionals Inc. boosted its stake in shares of Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock worth $28,000 after buying an additional 225 shares during the last quarter. Torren Management LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $25,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $33,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Up 0.4%

Shares of NYSE 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 current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The firm's 50-day moving average price is $67.37 and its 200-day moving average price is $64.11. 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 announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion during 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 firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on CARR shares. Robert W. Baird raised their target price on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Zacks Research raised shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. Wells Fargo & Company raised their price objective on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and an average target price of $73.67.

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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