AMG National Trust Bank Makes New $1.62 Million Investment in Carrier Global Corporation $CARR

Key Points

• AMG National Trust Bank acquired 22,028 shares of Carrier Global during the second quarter, valued at approximately $1.62 million. Institutional investors and hedge funds collectively own 91% of the company.
• Carrier Global reported quarterly EPS of $0.86, exceeding estimates of $0.82, while revenue reached $6.35 billion and increased 3.9% year over year.
• The company pays a quarterly dividend of $0.24 per share, equivalent to an annualized $0.96 dividend and a 1.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $73.67.

AMG National Trust Bank acquired a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,028 shares of the company's stock, valued at approximately $1,616,000.

Several other hedge funds have also modified their holdings of the stock. Simplicity Wealth LLC purchased a new stake in Carrier Global during the 2nd quarter worth about $1,875,000. N.E.W. Advisory Services LLC acquired a new stake in Carrier Global in the second quarter valued at approximately $962,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Carrier Global in the second quarter valued at approximately $131,194,000. HBK Sorce Advisory LLC acquired a new stake in Carrier Global in the second quarter valued at approximately $965,000. Finally, Northstar Financial Companies Inc. purchased a new position in Carrier Global in the second quarter worth approximately $339,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.0%

CARR stock opened at $62.78 on Monday. The company has a market cap of $51.75 billion, a price-to-earnings ratio of 43.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The company has a fifty day moving average price of $68.18 and a 200 day moving average price of $64.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. 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 issued 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 company had revenue of $6.35 billion for 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% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts expect that Carrier Global Corporation will post 2.89 earnings per share for the current 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 paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global's dividend payout ratio is 66.67%.

Wall Street Analyst Weigh In

CARR has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price on Carrier Global from $71.00 to $81.00 and gave the company an "outperform" rating in a report on Friday, May 1st. Barclays lifted their price target on Carrier Global from $67.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. The Goldman Sachs Group upped their price objective on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Evercore increased their price objective on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Mizuho raised their target price on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. One 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $73.67.

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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