Van Hulzen Asset Management LLC Acquires Shares of 27,162 Carrier Global Corporation $CARR

Van Hulzen Asset Management LLC acquired a new position in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, HoldingsChannel reports. The fund acquired 27,162 shares of the company’s stock, valued at approximately $1,992,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Financial Advisors purchased a new stake in shares of Carrier Global during the second quarter valued at $53,000. Manning & Napier Advisors LLC purchased a new position in Carrier Global in the 2nd quarter worth about $6,375,000. Tandem Financial LLC purchased a new position in Carrier Global in the 2nd quarter worth about $689,000. L2 Asset Management LLC bought a new stake in Carrier Global during the 2nd quarter valued at about $328,000. Finally, Partners Capital Investment Group LLP bought a new stake in Carrier Global during the 2nd quarter valued at about $512,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Rothschild & Co Redburn upped their target price 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. Morgan Stanley lifted their price objective on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Mizuho upped their target price on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Evercore raised their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Down 0.7%

Shares of Carrier Global stock opened at $59.92 on Tuesday. The stock has a market cap of $49.39 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 2.23 and a beta of 1.31. The firm has a fifty day moving average price of $67.15 and a 200 day moving average price of $64.13. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72.

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. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently announced 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 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 presently 66.67%.

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.