Global Retirement Partners LLC Acquires Shares of 17,289 Carrier Global Corporation $CARR

Global Retirement Partners LLC bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 17,289 shares of the company’s stock, valued at approximately $1,268,000.

Several other large investors have also recently added to or reduced their stakes in the company. 1ST Source Bank acquired a new position in Carrier Global in the second quarter valued at approximately $658,000. SCS Capital Management LLC acquired a new position in shares of Carrier Global in the 2nd quarter worth approximately $457,000. Bank of New York Mellon Corp acquired a new position in shares of Carrier Global in the 2nd quarter valued at $590,759,000. Focus Partners Advisor Solutions LLC acquired a new stake in Carrier Global during the 2nd quarter valued at $902,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Carrier Global in the 2nd quarter valued at about $49,000. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on CARR shares. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Robert W. Baird increased their target price on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Citigroup increased their price target on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. Sanford C. Bernstein reissued a “market perform” rating and set a $78.00 price objective on shares of Carrier Global in a report on Thursday, July 30th. Finally, Mizuho lifted their target price on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Trading Down 0.3%

CARR stock opened at $62.59 on Tuesday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The business has a fifty day moving average of $68.09 and a 200-day moving average of $64.10. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The company has a market cap of $51.59 billion, a P/E ratio of 43.47, a PEG ratio of 2.32 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 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 analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities research analysts expect that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio is presently 66.67%.

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.