EP Wealth Advisors LLC Acquires New Position in Carrier Global Corporation $CARR

EP Wealth Advisors LLC acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,993 shares of the company's stock, valued at approximately $3,080,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company's stock valued at $1,782,231,000 after purchasing an additional 351,490 shares during the last quarter. Morgan Stanley lifted its position in shares of Carrier Global by 1.8% during the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company's stock worth $621,264,000 after buying an additional 210,952 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Carrier Global during the 2nd quarter worth $590,759,000. Norges Bank acquired a new stake in Carrier Global in the fourth quarter valued at about $380,299,000. Finally, Fiera Capital Corp raised its stake in Carrier Global by 5.3% during the fourth quarter. Fiera Capital Corp now owns 6,923,485 shares of the company's stock worth $365,837,000 after acquiring an additional 348,812 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. JPMorgan Chase & Co. increased their target price on Carrier Global from $63.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Royal Bank Of Canada lifted their price target on Carrier Global from $71.00 to $81.00 and gave the company an "outperform" rating in a research note on Friday, May 1st. Zacks Research upgraded Carrier Global from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Finally, Citigroup upped their price objective on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, July 13th. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $73.67.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $60.40 on Friday. The stock has a market cap of $49.79 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 2.23 and a beta of 1.31. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company's fifty day moving average is $67.37 and its 200 day moving average is $64.11. 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, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the company earned $0.92 EPS. Carrier Global's revenue for the quarter was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. 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 66.67%.

Carrier Global 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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