Simplicity Wealth LLC Makes New Investment in Carrier Global Corporation $CARR

Simplicity Wealth LLC bought a new stake in Carrier Global Corporation (NYSE:CARR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,557 shares of the company’s stock, valued at approximately $1,875,000.

Several other large investors also recently made changes to their positions in CARR. Bank of New York Mellon Corp acquired a new position in Carrier Global during the 2nd quarter worth approximately $590,759,000. Norges Bank acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $380,299,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $99,839,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Carrier Global in the second quarter valued at $131,194,000. Finally, Voloridge Investment Management LLC increased its holdings in 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. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho lifted their price objective on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. JPMorgan Chase & Co. raised their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Evercore boosted their price target on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Stock Up 0.0%

CARR stock opened at $62.78 on Monday. 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 Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company has a market cap of $51.75 billion, a PE ratio of 43.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The business has a 50-day simple moving average of $68.18 and a 200 day simple moving average of $64.06.

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

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s payout ratio is presently 66.67%.

About Carrier Global

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.