Wealth Science Advisors LLC Buys 14,098 Shares of Carrier Global Corporation $CARR

Wealth Science Advisors LLC boosted its stake in Carrier Global Corporation (NYSE:CARR) by 2,202.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,738 shares of the company’s stock after purchasing an additional 14,098 shares during the quarter. Wealth Science Advisors LLC’s holdings in Carrier Global were worth $1,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Carrier Global in the 4th quarter valued at approximately $380,299,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Carrier Global during the 4th quarter worth approximately $99,839,000. Voloridge Investment Management LLC lifted its holdings in shares of Carrier Global by 865.3% during the 4th quarter. Voloridge Investment Management LLC now owns 1,974,350 shares of the company’s stock worth $104,325,000 after acquiring an additional 1,769,813 shares during the period. Victory Capital Management Inc. boosted its position in shares of Carrier Global by 44.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,783,753 shares of the company’s stock worth $252,774,000 after acquiring an additional 1,465,144 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of Carrier Global by 1,808.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,501,855 shares of the company’s stock worth $79,358,000 after acquiring an additional 1,423,152 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.1%

Shares of NYSE:CARR opened at $64.01 on Friday. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The company has a market capitalization of $52.77 billion, a PE ratio of 44.45, a price-to-earnings-growth ratio of 2.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The company has a fifty day moving average of $68.56 and a 200-day moving average of $63.79.

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

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 66.67%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Rothschild & Co Redburn raised their target price on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. The Goldman Sachs Group raised their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Citigroup boosted their price target on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Royal Bank Of Canada boosted their price target on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.67.

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.