Dearborn Partners LLC Makes New $2.82 Million Investment in Carrier Global Corporation $CARR

Dearborn Partners LLC bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, Holdings Channel reports. The fund bought 38,437 shares of the company’s stock, valued at approximately $2,819,000.

Other hedge funds have also recently made changes to their positions in the company. Torren Management LLC purchased a new stake in shares of Carrier Global in the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. bought a new position in Carrier Global during the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in Carrier Global during the second quarter valued at $26,000. Financial Management Professionals Inc. raised its stake in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after buying an additional 225 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new stake in Carrier Global in the fourth quarter worth $33,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

CARR opened at $58.83 on Friday. The company has a 50 day simple moving average of $66.42 and a two-hundred day simple moving average of $64.02. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The firm has a market cap of $48.50 billion, a P/E ratio of 40.85, a PEG ratio of 2.17 and a beta of 1.31. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Carrier Global’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts forecast 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. Stockholders of record on Tuesday, July 21st were paid a $0.24 dividend. 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 1.6%. Carrier Global’s dividend payout ratio is 66.67%.

Analyst Ratings Changes

CARR has been the topic of a number of recent research reports. The Goldman Sachs Group increased their target price on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Rothschild & Co Redburn lifted their price target on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upped their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Robert W. Baird boosted their price target on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Finally, Morgan Stanley upped their target price 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.67.

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.