Empowered Funds LLC Purchases Shares of 78,067 Carrier Global Corporation $CARR

Key Points

• Empowered Funds LLC purchased 78,067 Carrier Global shares worth approximately $5.7 million during the second quarter. Institutional investors and hedge funds collectively own about 91% of the company.
• Analysts have a consensus “Moderate Buy” rating on CARR, with an average price target of $73.67, implying potential upside from its $58.73 trading price.
• Carrier exceeded quarterly expectations with $0.86 in adjusted EPS and $6.35 billion in revenue, while maintaining a quarterly dividend of $0.24 per share, or $0.96 annually.

Empowered Funds LLC purchased a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 78,067 shares of the company's stock, valued at approximately $5,726,000.

Several other large investors also recently modified their holdings of CARR. Dynamic Advisor Solutions LLC boosted its stake in Carrier Global by 2.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company's stock worth $426,000 after acquiring an additional 158 shares in the last quarter. Aigen Investment Management LP increased its stake in Carrier Global by 0.3% in the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company's stock valued at $2,603,000 after purchasing an additional 166 shares in the last quarter. Advisory Alpha LLC increased its stake in Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company's stock valued at $319,000 after purchasing an additional 171 shares in the last quarter. Texas Bank & Trust Co raised its holdings in shares of Carrier Global by 1.3% during the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company's stock valued at $742,000 after purchasing an additional 175 shares during the period. Finally, Advisor OS LLC raised its holdings in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company's stock valued at $1,135,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

CARR has been the subject of several research reports. Morgan Stanley raised their target price on Carrier Global from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Thursday, May 28th. Zacks Research raised Carrier Global from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $78.00 price target on shares of Carrier Global in a report on Thursday, July 30th. Rothschild & Co Redburn raised their price objective on Carrier Global from $61.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. One investment 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.com, Carrier Global presently has an average rating of "Moderate Buy" and a consensus target price of $73.67.

Carrier Global Trading Down 0.1%

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 firm has a 50-day moving average of $66.15 and a 200-day moving average of $63.97. The company has a market cap of $48.41 billion, a PE ratio of 40.78, a PEG ratio of 2.18 and a beta of 1.31. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities research analysts expect that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global's dividend payout ratio (DPR) is currently 66.67%.

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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