N.E.W. Advisory Services LLC Buys New Shares in Carrier Global Corporation $CARR

N.E.W. Advisory Services LLC bought a new position in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 13,109 shares of the company’s stock, valued at approximately $962,000.

A number of other institutional investors have also bought and sold shares of the business. Torren Management LLC purchased a new position in shares of Carrier Global in the fourth quarter valued at about $25,000. Financial Management Professionals Inc. grew its position in shares of Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth about $33,000. Signature Equity Partners LLC lifted its holdings in Carrier Global by 449.2% in the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after purchasing an additional 530 shares in the last quarter. Finally, Reflection Asset Management bought a new position in Carrier Global in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. JPMorgan Chase & Co. lifted their target price on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Argus increased their target price 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. Wolfe Research reiterated an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Finally, Robert W. Baird boosted their price objective on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. One 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $62.78 on Monday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The company has a market cap of $51.75 billion, a PE ratio of 43.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The company’s 50 day moving average is $68.18 and its 200 day moving average is $64.06.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion for 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 for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 21st. 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.