Jupiter Topco LLC Makes New Investment in Carrier Global Corporation $CARR

Key Points

• Jupiter Topco LLC acquired 119,219 shares of Carrier Global during the second quarter, worth approximately $8.7 million. Institutional investors collectively own 91% of the company, with several major funds also establishing new positions.
• Carrier Global reported quarterly earnings of $0.86 per share on $6.35 billion in revenue, beating analyst estimates of $0.82 EPS and $6.02 billion in revenue; revenue increased 3.9% year over year.
• The company pays a quarterly dividend of $0.24 per share, equivalent to an annualized $0.96 dividend and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $73.67, compared with a share price of $58.73.

Jupiter Topco LLC acquired a new position in Carrier Global Corporation (NYSE:CARR - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 119,219 shares of the company's stock, valued at approximately $8,738,000.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Carrier Global in the second quarter valued at $590,759,000. Norges Bank bought a new stake in shares of Carrier Global during the 4th quarter valued at about $380,299,000. Legal & General Group Plc bought a new stake in shares of Carrier Global during the 2nd quarter valued at about $322,366,000. Primecap Management Co. CA purchased a new stake in Carrier Global in the second quarter worth about $283,585,000. Finally, Deutsche Bank AG bought a new stake in Carrier Global during the 2nd quarter valued at approximately $166,165,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Down 0.1%

CARR stock opened at $58.73 on Monday. The stock has a market capitalization of $48.41 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.18 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The business has a fifty day moving average price of $66.15 and a 200-day moving average price of $63.97.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion during 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 revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. Carrier Global's dividend payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CARR shares. Citigroup raised their price objective on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Morgan Stanley increased their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Carrier Global in a research report on Monday, July 20th. Wolfe Research reissued an "outperform" rating and set a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Finally, Zacks Research upgraded shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One research 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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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