Northwestern Mutual Wealth Management Co. Purchases Shares of 42,830 Carrier Global Corporation $CARR

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, HoldingsChannel reports. The fund purchased 42,830 shares of the company’s stock, valued at approximately $3,142,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CARR. Bank of New York Mellon Corp bought a new position in Carrier Global during the second quarter valued at about $590,759,000. Norges Bank bought a new stake in Carrier Global in the fourth quarter worth about $380,299,000. Deutsche Bank AG acquired a new stake in Carrier Global in the 2nd quarter valued at about $166,165,000. Ontario Teachers Pension Plan Board acquired a new stake in Carrier Global in the 4th quarter valued at about $99,839,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Carrier Global during the 2nd quarter valued at about $136,714,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $59.92 on Tuesday. The company’s fifty day moving average is $67.15 and its two-hundred day moving average is $64.13. The company has a market cap of $49.39 billion, a P/E ratio of 41.61, a price-to-earnings-growth ratio of 2.23 and a beta of 1.31. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76. 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 (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping 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 business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter last year, the firm posted $0.92 earnings per share. Carrier Global’s revenue 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. Equities analysts expect that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors 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 dividend payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CARR shares. Argus lifted their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Rothschild & Co Redburn raised their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Wells Fargo & Company raised their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Citigroup lifted 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, Robert W. Baird upped their price target on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

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.