Simplicity Wealth LLC Purchases Shares of 25,557 Carrier Global Corporation $CARR

Key Points

• Simplicity Wealth LLC acquired 25,557 shares of Carrier Global worth approximately $1.875 million during the second quarter. Institutional investors collectively own 91% of the company.
• Carrier Global exceeded quarterly expectations, reporting $0.86 EPS versus an $0.82 consensus estimate and $6.35 billion in revenue, up 3.9% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $73.67, while the company pays a $0.24 quarterly dividend, equivalent to a 1.5% yield.

Simplicity Wealth LLC acquired a new position in Carrier Global Corporation (NYSE:CARR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 25,557 shares of the company's stock, valued at approximately $1,875,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CARR. N.E.W. Advisory Services LLC acquired a new stake in Carrier Global during the second quarter valued at approximately $962,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Carrier Global in the 2nd quarter valued at $131,194,000. HBK Sorce Advisory LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at $965,000. Northstar Financial Companies Inc. purchased a new position in Carrier Global in the 2nd quarter worth about $339,000. Finally, Barden Capital Management Inc. purchased a new position in Carrier Global in the 2nd quarter worth about $940,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

CARR stock opened at $62.78 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $51.75 billion, a price-to-earnings ratio of 43.60, a P/E/G ratio of 2.32 and a beta of 1.31. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The firm has a 50 day moving average of $68.18 and a two-hundred day moving average of $64.06.

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

Carrier Global Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.5%. Carrier Global's payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CARR. Wells Fargo & Company raised their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Mizuho raised their target price on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Wolfe Research reiterated an "outperform" rating and set a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Robert W. Baird upped their price target on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Finally, The Goldman Sachs Group increased their price objective on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. One 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 stock. According to MarketBeat.com, Carrier Global has a consensus rating of "Moderate Buy" and a consensus target price of $73.67.

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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