Two Sigma Securities LLC Has $877,000 Stock Position in Carrier Global Corporation $CARR

Two Sigma Securities LLC lessened its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 60.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,957 shares of the company's stock after selling 18,035 shares during the quarter. Two Sigma Securities LLC's holdings in Carrier Global were worth $877,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CARR. State Street Corp boosted its position in shares of Carrier Global by 1.1% during the 4th quarter. State Street Corp now owns 33,728,829 shares of the company's stock worth $1,782,231,000 after acquiring an additional 351,490 shares in the last quarter. Morgan Stanley lifted its stake in Carrier Global by 1.8% during the fourth quarter. Morgan Stanley now owns 11,757,449 shares of the company's stock worth $621,264,000 after purchasing an additional 210,952 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Carrier Global in the 2nd quarter valued at $590,759,000. Bank of America Corp DE acquired a new stake in shares of Carrier Global in the 2nd quarter valued at $572,908,000. Finally, Norges Bank bought a new position in shares of Carrier Global in the 4th quarter valued at $380,299,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARR has been the subject of several recent analyst reports. Wolfe Research restated an "outperform" rating and set a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Rothschild & Co Redburn lifted their target price on Carrier Global from $61.00 to $73.00 and gave the company a "neutral" rating in a research report on Tuesday, May 5th. Sanford C. Bernstein reissued a "market perform" rating and set a $78.00 target price on shares of Carrier Global in a research note on Thursday, July 30th. Zacks Research raised shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Finally, Morgan Stanley raised their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $73.67.

Carrier Global Trading Down 0.8%

NYSE CARR opened at $58.34 on Tuesday. The company has a market cap of $48.09 billion, a price-to-earnings ratio of 40.51, a price-to-earnings-growth ratio of 2.18 and a beta of 1.31. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. 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 business's fifty day moving average is $65.88 and its 200 day moving average is $63.92.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, sell-side analysts expect that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Carrier Global 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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