HBK Sorce Advisory LLC Invests $965,000 in Carrier Global Corporation $CARR

HBK Sorce Advisory LLC acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 14,742 shares of the company’s stock, valued at approximately $965,000.

Several other institutional investors and hedge funds have also modified their holdings of CARR. Torren Management LLC acquired a new stake in Carrier Global during the 4th quarter worth approximately $25,000. Financial Management Professionals Inc. lifted its stake in Carrier Global by 142.4% in the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after buying an additional 225 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Carrier Global in the fourth quarter valued at approximately $33,000. Signature Equity Partners LLC boosted its holdings in shares of Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after buying an additional 530 shares during the period. Finally, Reflection Asset Management acquired a new position in shares of Carrier Global in the fourth quarter valued at approximately $41,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.0%

Shares of CARR stock opened at $62.78 on Monday. The firm’s fifty day moving average price is $68.18 and its two-hundred day moving average price is $64.06. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The firm has a market capitalization of $51.75 billion, a P/E ratio of 43.60, a PEG ratio of 2.32 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced 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. 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 during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter last year, the company earned $0.92 EPS. Carrier Global’s revenue for the quarter 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. On average, equities analysts predict that Carrier Global Corporation will post 2.89 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. Stockholders of record on Tuesday, July 21st were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio is currently 66.67%.

Analysts Set New Price Targets

A number of brokerages recently commented on CARR. The Goldman Sachs Group raised their price objective on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a research note on Thursday, July 9th. Wells Fargo & Company increased their target price on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Royal Bank Of Canada lifted their price target on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Robert W. Baird boosted their price target on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.