Deutsche Bank AG Makes New Investment in Carrier Global Corporation $CARR

Deutsche Bank AG bought a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,265,376 shares of the company's stock, valued at approximately $166,165,000. Deutsche Bank AG owned about 0.27% of Carrier Global as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CARR. Torren Management LLC bought a new position in shares of Carrier Global during the fourth quarter worth about $25,000. Financial Management Professionals Inc. increased its holdings 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 acquiring an additional 225 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in Carrier Global in the 4th quarter valued at about $33,000. Signature Equity Partners LLC lifted its position in Carrier Global by 449.2% in the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company's stock valued at $36,000 after purchasing an additional 530 shares during the last quarter. Finally, Reflection Asset Management acquired a new position in Carrier Global during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $61.13 on Thursday. The stock has a market cap of $50.39 billion, a P/E ratio of 42.45, a P/E/G ratio of 2.27 and a beta of 1.31. The firm's 50-day simple moving average is $67.75 and its 200 day simple moving average is $64.13. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. 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 (NYSE:CARR - Get Free Report) last announced its earnings results 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. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates 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 was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts expect that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently declared 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 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global's dividend payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

Several research firms have commented on CARR. Argus upped their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Evercore lifted their price target on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Sanford C. Bernstein reiterated a "market perform" rating and set a $78.00 price objective on shares of Carrier Global in a research report on Thursday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Mizuho increased their price objective on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. One investment 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. According to data from MarketBeat.com, Carrier Global currently has an average rating of "Moderate Buy" and a consensus price target of $73.67.

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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