Carrier Global Corporation $CARR Position Increased by Czech National Bank

Czech National Bank boosted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 3.9% in the second quarter, HoldingsChannel reports. The firm owned 222,230 shares of the company’s stock after purchasing an additional 8,250 shares during the quarter. Czech National Bank’s holdings in Carrier Global were worth $16,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Carrier Global by 11.0% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 139,104 shares of the company’s stock valued at $10,203,000 after buying an additional 13,800 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Carrier Global by 275.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 114,739 shares of the company’s stock worth $8,416,000 after acquiring an additional 84,165 shares during the period. Apella Capital LLC increased its holdings in shares of Carrier Global by 2.5% in the 2nd quarter. Apella Capital LLC now owns 9,512 shares of the company’s stock worth $653,000 after acquiring an additional 233 shares during the period. Hummer Financial Advisory Services Inc bought a new stake in Carrier Global in the 2nd quarter valued at about $222,000. Finally, Dynamic Advisor Solutions LLC lifted its position in Carrier Global by 2.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock valued at $426,000 after purchasing an additional 158 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CARR has been the subject of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 target price on shares of Carrier Global in a research report on Thursday, July 30th. JPMorgan Chase & Co. lifted their price target on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wells Fargo & Company boosted their price objective on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. One investment 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Stock Up 0.1%

Carrier Global stock 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 stock has a market cap of $52.77 billion, a price-to-earnings ratio of 44.45, a PEG ratio of 2.48 and a beta of 1.31. The company’s 50-day moving average price is $68.56 and its two-hundred day moving average price is $63.79. 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 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 analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts expect that Carrier Global Corporation will post 2.88 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 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.