Manning & Napier Advisors LLC Takes Position in Carrier Global Corporation $CARR

Manning & Napier Advisors LLC purchased a new stake in Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 86,813 shares of the company’s stock, valued at approximately $6,375,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cardinal Capital Management Inc. increased its holdings in Carrier Global by 7.1% in the second quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock valued at $42,201,000 after buying an additional 37,934 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Carrier Global by 1.5% during the 1st quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock worth $80,547,000 after acquiring an additional 21,367 shares in the last quarter. Mandatum Life Insurance Co Ltd grew its holdings in shares of Carrier Global by 36.1% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock worth $6,259,000 after acquiring an additional 29,495 shares during the period. Avity Investment Management Inc. grew its holdings in shares of Carrier Global by 33.9% in the 2nd quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock worth $14,265,000 after acquiring an additional 49,260 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Carrier Global by 275.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 114,739 shares of the company’s stock valued at $8,416,000 after purchasing an additional 84,165 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CARR. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Rothschild & Co Redburn increased their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Down 0.7%

Carrier Global stock opened at $59.92 on Tuesday. The stock has a 50-day moving average price of $67.15 and a 200 day moving average price of $64.13. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The stock has a market cap of $49.39 billion, a PE ratio of 41.61, a P/E/G ratio of 2.23 and a beta of 1.31. 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 (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s payout ratio is presently 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.