Dearborn Partners LLC Takes Position in Carrier Global Corporation $CARR

Dearborn Partners LLC bought a new position in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 38,433 shares of the company’s stock, valued at approximately $2,164,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Torren Management LLC acquired a new stake in Carrier Global during the 4th quarter valued at approximately $25,000. Johnson Financial Group Inc. acquired a new position in shares of Carrier Global in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in shares of Carrier Global during the 2nd quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its stake in shares of Carrier Global by 142.4% during the 2nd 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 acquired a new stake in shares of Carrier Global during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.7%

Shares of NYSE:CARR opened at $59.92 on Tuesday. The stock has a market capitalization of $49.39 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 2.23 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. The company’s fifty day moving average is $67.15 and its two-hundred day moving average is $64.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s payout ratio is presently 66.67%.

Wall Street Analysts Forecast Growth

CARR has been the topic of several recent analyst reports. Evercore upped their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Royal Bank Of Canada upped their target price on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. 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. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus 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.