Van Hulzen Asset Management LLC Acquires New Position in Carrier Global Corporation $CARR

Key Points

• Van Hulzen Asset Management acquired 27,162 shares of Carrier Global worth approximately $1.99 million in the second quarter. Institutional investors own about 91% of the company’s stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $73.67, above the stock’s reported $59.92 opening price.
• Carrier Global exceeded quarterly expectations, reporting $0.86 in EPS and $6.35 billion in revenue, while maintaining a quarterly dividend of $0.24 per share, equivalent to a 1.6% annualized yield.

Van Hulzen Asset Management LLC acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,162 shares of the company's stock, valued at approximately $1,992,000.

Several other large investors have also bought and sold shares of the company. Fiduciary Financial Advisors bought a new stake in shares of Carrier Global during the second quarter valued at approximately $53,000. Manning & Napier Advisors LLC bought a new position in Carrier Global in the 2nd quarter valued at approximately $6,375,000. Tandem Financial LLC purchased a new stake in Carrier Global during the 2nd quarter valued at $689,000. L2 Asset Management LLC bought a new stake in shares of Carrier Global in the 2nd quarter worth $328,000. Finally, Partners Capital Investment Group LLP purchased a new position in shares of Carrier Global in the second quarter worth $512,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on Carrier Global from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, May 28th. Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Rothschild & Co Redburn lifted their price target on shares of Carrier Global from $61.00 to $73.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. Wolfe Research reissued an "outperform" rating and set a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. Finally, Argus boosted their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. One equities research 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 a consensus rating of "Moderate Buy" and a consensus target price of $73.67.

Carrier Global Stock Down 0.7%

CARR stock opened at $59.92 on Tuesday. The stock has a market cap of $49.39 billion, a P/E ratio of 41.61, a PEG ratio of 2.23 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 business's 50-day moving average price is $67.15 and its 200-day moving average price is $64.13. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 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 business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The business's 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. On average, equities research analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global's dividend 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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