Global Retirement Partners LLC Makes New Investment in Carrier Global Corporation $CARR

Key Points

• Global Retirement Partners LLC acquired 17,289 Carrier Global shares worth approximately $1.27 million in the second quarter. Institutional investors collectively own about 91% of the company’s outstanding stock.
• Carrier Global exceeded quarterly expectations, reporting $0.86 in EPS versus the $0.82 consensus and $6.35 billion in revenue, up 3.9% year over year. Analysts expect roughly $2.89 in EPS for the current fiscal year.
• The company maintains a quarterly dividend of $0.24, or $0.96 annually, yielding about 1.5%. Wall Street’s consensus rating is “Moderate Buy”, with an average price target of $73.67 compared with the reported share price of $62.59.

Global Retirement Partners LLC acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,289 shares of the company's stock, valued at approximately $1,268,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Torren Management LLC bought a new position in shares of Carrier Global in the fourth quarter worth about $25,000. Financial Management Professionals Inc. grew its holdings in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock valued at $28,000 after buying an additional 225 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in Carrier Global in the fourth quarter worth $33,000. 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 buying an additional 530 shares during the last quarter. Finally, Reflection Asset Management purchased a new stake in Carrier Global during the fourth quarter valued at approximately $41,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Down 0.3%

Shares of NYSE CARR opened at $62.59 on Tuesday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The stock has a market capitalization of $51.59 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The firm has a 50-day moving average price of $68.09 and a 200 day moving average price of $64.10. 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 posted its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 14.68% and a net margin of 5.52%.Carrier Global's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts anticipate that Carrier Global Corporation will post 2.89 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. Investors of record on Tuesday, July 21st were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global's dividend payout ratio is presently 66.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. The Goldman Sachs Group upped their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Mizuho lifted their target price on Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently 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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