Roberts Glore & Co. Inc. IL Takes Position in Carrier Global Corporation $CARR

Roberts Glore & Co. Inc. IL acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,522 shares of the company’s stock, valued at approximately $918,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new position in Carrier Global during the 2nd quarter worth approximately $8,738,000. Hsbc Holdings PLC increased its holdings in shares of Carrier Global by 13.8% during the second quarter. Hsbc Holdings PLC now owns 1,589,619 shares of the company’s stock valued at $116,830,000 after acquiring an additional 192,493 shares in the last quarter. EFG International AG acquired a new position in shares of Carrier Global during the second quarter worth approximately $159,000. Ancora Advisors LLC acquired a new position in shares of Carrier Global during the second quarter worth approximately $375,000. Finally, Primecap Management Co. CA bought a new position in shares of Carrier Global in the 2nd quarter worth $283,585,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

Carrier Global stock opened at $58.51 on Wednesday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company’s 50 day moving average price is $66.89 and its two-hundred day moving average price is $64.09. The stock has a market cap of $48.23 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.21 and a beta of 1.31. 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 released its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Royal Bank Of Canada boosted their price target 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. Argus raised their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Finally, Morgan Stanley lifted their price target on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company 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.