Sanctuary Advisors LLC Purchases New Shares in Carrier Global Corporation $CARR

Sanctuary Advisors LLC purchased a new position in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 83,049 shares of the company’s stock, valued at approximately $6,092,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Torren Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $25,000. Johnson Financial Group Inc. acquired a new position in shares of Carrier Global during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Carrier Global during the 2nd quarter worth about $26,000. Financial Management Professionals Inc. raised its position 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 worth $28,000 after purchasing an additional 225 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new position in Carrier Global in the 4th quarter valued at about $33,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

NYSE:CARR opened at $59.92 on Tuesday. 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 capitalization of $49.39 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.23 and a beta of 1.31. The company’s 50-day moving average is $67.15 and its two-hundred day moving average is $64.13. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate 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 was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 66.67%.

Analyst Ratings Changes

Several research firms recently issued reports on CARR. Mizuho lifted their price objective on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Sanford C. Bernstein reissued a “market perform” rating and set a $78.00 target price on shares of Carrier Global in a report on Thursday, July 30th. Wells Fargo & Company raised their target price on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Citigroup lifted their price target on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, Rothschild & Co Redburn boosted their price target on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. One equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

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.