14,888 Shares in Carrier Global Corporation $CARR Acquired by Everett Harris & Co. CA

Everett Harris & Co. CA acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 14,888 shares of the company’s stock, valued at approximately $1,092,000.

Other large investors also recently added to or reduced their stakes in the company. Dockside LLC acquired a new stake in Carrier Global during the 2nd quarter valued at $2,384,000. Whitener Capital Management Inc. purchased a new position in shares of Carrier Global during the second quarter valued at $222,000. Cardinal Capital Management Inc. grew its holdings in shares of Carrier Global by 7.1% during 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. Tema ETFs LLC raised its position in Carrier Global by 10.0% during the second quarter. Tema ETFs LLC now owns 17,567 shares of the company’s stock valued at $1,289,000 after buying an additional 1,595 shares during the period. Finally, Clarus Wealth Advisors raised its position in Carrier Global by 3.7% during the second quarter. Clarus Wealth Advisors now owns 27,744 shares of the company’s stock valued at $1,852,000 after buying an additional 978 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CARR has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group upped their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $78.00 target price on shares of Carrier Global in a report on Thursday, July 30th. Citigroup increased their price target on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company raised their price target on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Trading Down 0.9%

NYSE CARR opened at $62.78 on Friday. 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’s fifty day simple moving average is $68.18 and its 200-day simple moving average is $64.01. The company has a market capitalization of $51.75 billion, a PE ratio of 43.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.

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

Carrier Global Announces Dividend

The company also recently declared 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 of this dividend 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 (DPR) is 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.