Carrier Global Corporation $CARR Shares Acquired by Nwam LLC

Key Points

• Nwam LLC increased its Carrier Global stake by 153.9% in the second quarter, holding 48,769 shares valued at approximately $3.58 million. Institutional investors collectively own about 91% of the company.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $73.67, despite Carrier shares opening at $57.28 and trading below their 50- and 200-day moving averages.
• Carrier exceeded quarterly expectations, reporting $0.86 in EPS and $6.35 billion in revenue, while revenue rose 3.9% year over year. The company also maintains a quarterly dividend of $0.24, equivalent to a 1.7% yield.

Nwam LLC increased its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 153.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,769 shares of the company's stock after purchasing an additional 29,559 shares during the period. Nwam LLC's holdings in Carrier Global were worth $3,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CARR. Johnson Financial Group Inc. bought a new stake in Carrier Global in the second quarter valued at $25,000. Meeder Asset Management Inc. acquired a new position in shares of Carrier Global during the second quarter valued at $26,000. Financial Management Professionals Inc. grew its position in shares of Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock worth $28,000 after acquiring an additional 225 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Carrier Global during the fourth quarter worth about $33,000. Finally, Signature Equity Partners LLC increased its holdings in shares of Carrier Global by 449.2% in the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company's stock worth $36,000 after acquiring an additional 530 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wolfe Research reiterated an "outperform" rating and issued a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Morgan Stanley increased their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, May 28th. Citigroup raised their target price on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Zacks Research raised Carrier Global from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Carrier Global in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.67.

Carrier Global Stock Down 1.6%

CARR stock opened at $57.28 on Wednesday. The firm's 50-day moving average is $65.61 and its two-hundred day moving average is $63.85. The company has a market capitalization of $47.22 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same period last year, the firm posted $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. On average, analysts forecast that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global's payout ratio is currently 66.67%.

Carrier Global Company 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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