Sanctuary Advisors LLC Acquires Shares of 83,049 Carrier Global Corporation $CARR

Key Points

• Sanctuary Advisors LLC acquired 83,049 shares of Carrier Global in the second quarter, valued at approximately $6.1 million. Institutional investors collectively own about 91% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $73.67, above the reported share price of $59.92.
• Carrier exceeded quarterly expectations, reporting $0.86 in adjusted earnings per share and $6.35 billion in revenue, while maintaining a quarterly dividend of $0.24 per share, equivalent to a 1.6% annualized yield.

Sanctuary Advisors LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 83,049 shares of the company's stock, valued at approximately $6,092,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Torren Management LLC acquired a new position in Carrier Global during the fourth quarter valued at $25,000. Johnson Financial Group Inc. purchased a new stake in Carrier Global in the second quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in Carrier Global during the 2nd quarter worth about $26,000. Financial Management Professionals Inc. grew its position in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock worth $28,000 after purchasing an additional 225 shares during the period. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of Carrier Global during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Ratings Changes

CARR has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Argus raised their target price on Carrier Global from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. 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 report on Friday, May 1st. Zacks Research raised Carrier Global from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company upped their price objective on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and a consensus target price of $73.67.

Carrier Global Trading Down 0.7%

Shares of Carrier Global stock opened at $59.92 on Tuesday. The firm has a 50-day simple moving average of $67.15 and a two-hundred day simple moving average of $64.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The company has a market cap of $49.39 billion, a P/E ratio of 41.61, a price-to-earnings-growth ratio of 2.23 and a beta of 1.31.

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, beating analysts' consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.02 billion. During the same period last year, the firm earned $0.92 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders 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 currently 66.67%.

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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