Ally Financial Inc. Takes Position in Carrier Global Corporation $CARR

Ally Financial Inc. purchased a new position in Carrier Global Corporation (NYSE:CARR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,000 shares of the company's stock, valued at approximately $3,227,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cibc World Market Inc. purchased a new position in shares of Carrier Global during the 2nd quarter worth about $8,318,000. OMERS ADMINISTRATION Corp bought a new position in shares of Carrier Global during the second quarter valued at approximately $24,243,000. Osmosis Investment Management UK Ltd purchased a new stake in shares of Carrier Global in the second quarter worth approximately $1,608,000. Sanctuary Advisors LLC purchased a new stake in shares of Carrier Global in the second quarter worth approximately $6,092,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Carrier Global during the 2nd quarter worth approximately $14,181,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group increased their target price on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Mizuho boosted their target price on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Zacks Research upgraded shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn lifted their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the company a "neutral" rating in a report on Tuesday, May 5th. One 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $73.67.

Carrier Global Stock Performance

Shares of CARR stock opened at $60.40 on Monday. The firm has a market cap of $49.79 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.23 and a beta of 1.31. The company's 50 day moving average is $67.37 and its 200 day moving average is $64.14. 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 52-week low of $50.24 and a 52-week high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The company 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%. Carrier Global's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. 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 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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