Perigon Wealth Management LLC Acquires Shares of 36,068 Carrier Global Corporation $CARR

Key Points

• Perigon Wealth Management acquired 36,068 shares of Carrier Global worth approximately $2.65 million in the second quarter. Institutional investors collectively own about 91% of the company.
• Analysts maintain a generally positive outlook, with Carrier Global receiving a consensus rating of “Moderate Buy” and an average price target of $73.67.
• Carrier beat quarterly expectations with earnings of $0.86 per share and revenue of $6.35 billion, while declaring a quarterly dividend of $0.24 per share, equivalent to a 1.5% yield.

Perigon Wealth Management LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 36,068 shares of the company's stock, valued at approximately $2,646,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CARR. Commerzbank Aktiengesellschaft FI bought a new position in shares of Carrier Global during the 2nd quarter valued at approximately $243,000. Phillips Wealth Planners LLC bought a new position in Carrier Global during the second quarter valued at $213,000. Trust Co. of Vermont bought a new position in Carrier Global during the second quarter valued at $2,673,000. Principle Wealth Partners LLC purchased a new stake in shares of Carrier Global in the second quarter valued at $1,588,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Carrier Global in the second quarter valued at $136,714,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CARR shares. The Goldman Sachs Group lifted their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. Sanford C. Bernstein restated a "market perform" rating and set a $78.00 target price on shares of Carrier Global in a research report on Thursday, July 30th. Morgan Stanley upped 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. Finally, Rothschild & Co Redburn raised their price target on Carrier Global from $61.00 to $73.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $73.67.

Carrier Global Price Performance

Shares of CARR stock opened at $62.59 on Tuesday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The stock has a market capitalization of $51.59 billion, a price-to-earnings ratio of 43.47, a P/E/G ratio of 2.32 and a beta of 1.31. The stock has a fifty day simple moving average of $68.09 and a two-hundred day simple moving average of $64.10. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts predict that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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 $0.24 dividend. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global's payout ratio 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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