One Wealth Advisors LLC Buys Shares of 11,046 Carrier Global Corporation $CARR

One Wealth Advisors LLC bought a new position in Carrier Global Corporation (NYSE:CARR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,046 shares of the company’s stock, valued at approximately $810,000.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in Carrier Global in the 4th quarter valued at approximately $380,299,000. Ontario Teachers Pension Plan Board acquired a new stake in Carrier Global in the fourth quarter valued at approximately $99,839,000. Voloridge Investment Management LLC grew its stake in shares of Carrier Global by 865.3% during the fourth quarter. Voloridge Investment Management LLC now owns 1,974,350 shares of the company’s stock worth $104,325,000 after buying an additional 1,769,813 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Carrier Global by 44.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,783,753 shares of the company’s stock worth $252,774,000 after buying an additional 1,465,144 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Carrier Global by 1,808.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,501,855 shares of the company’s stock worth $79,358,000 after buying an additional 1,423,152 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on CARR. Morgan Stanley increased their price target on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Royal Bank Of Canada boosted their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Mizuho upped their target price on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. The Goldman Sachs Group increased their target price on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $78.00 price target on shares of Carrier Global in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Price Performance

Shares of CARR opened at $62.78 on Friday. The company has a market capitalization of $51.75 billion, a price-to-earnings ratio of 43.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The business has a 50-day moving average of $68.18 and a 200-day moving average of $64.01.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the firm posted $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 research analysts anticipate that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders 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 1.5%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s 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.