Alyeska Investment Group L.P. increased its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 547,988 shares of the company's stock after purchasing an additional 43,710 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.07% of Carrier Global worth $40,195,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in shares of Carrier Global during the 2nd quarter worth about $590,759,000. Bank of America Corp DE acquired a new stake in Carrier Global in the 2nd quarter valued at approximately $572,908,000. Norges Bank bought a new position in Carrier Global in the 4th quarter worth approximately $380,299,000. Legal & General Group Plc bought a new position in Carrier Global in the 2nd quarter worth approximately $322,366,000. Finally, Primecap Management Co. CA acquired a new position in shares of Carrier Global during the second quarter worth approximately $283,585,000. Institutional investors own 91.00% of the company's stock.
Carrier Global Stock Performance
Shares of NYSE:CARR opened at $58.73 on Monday. 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 business's fifty day moving average price is $66.15 and its two-hundred day moving average price is $63.97. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The stock has a market capitalization of $48.41 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.18 and a beta of 1.31.
Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The company had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same period last year, the business earned $0.92 earnings per share. The business's 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. As a group, analysts predict that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.
Carrier Global Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global's payout ratio is presently 66.67%.
Analysts Set New Price Targets
CARR has been the subject of a number of research analyst reports. 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 reissued a "market perform" rating and set a $78.00 target price on shares of Carrier Global in a research report on Thursday, July 30th. Citigroup boosted their price target on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, July 13th. Rothschild & Co Redburn upped their price target on Carrier Global from $61.00 to $73.00 and gave the company a "neutral" rating in a report on Tuesday, May 5th. Finally, Argus raised their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $73.67.
Read Our Latest Analysis on Carrier Global
About Carrier Global
(
Free Report)
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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