MASTERINVEST Kapitalanlage GmbH acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 20,257 shares of the company's stock, valued at approximately $1,486,000.
A number of other large investors have also recently bought and sold shares of the business. Torren Management LLC bought a new position in Carrier Global during the fourth quarter valued at about $25,000. Johnson Financial Group Inc. bought a new stake in shares of Carrier Global during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Carrier Global during the 2nd quarter valued at about $26,000. Financial Management Professionals Inc. increased its holdings in shares of 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 acquiring an additional 225 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Carrier Global in the 4th quarter valued at approximately $33,000. 91.00% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Mizuho boosted their target price on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Evercore increased their price target on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Sanford C. Bernstein reissued a "market perform" rating and issued a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. Weiss Ratings restated a "hold (c)" rating on shares of Carrier Global in a research note on Monday, July 20th. Finally, Barclays upped their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the stock an "overweight" rating 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $73.67.
Check Out Our Latest Stock Report on CARR
Carrier Global Trading Up 0.2%
Carrier Global stock opened at $58.83 on Friday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The firm has a market capitalization of $48.50 billion, a PE ratio of 40.85, a PEG ratio of 2.17 and a beta of 1.31. The business's 50-day simple moving average is $66.42 and its 200-day simple moving average is $64.02.
Carrier Global (NYSE:CARR - Get Free Report) last announced its 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 firm 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%.The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current year.
Carrier Global Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were issued 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 dividend yield of 1.6%. Carrier Global's payout ratio is 66.67%.
About Carrier Global
(
Free Report)
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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