445,108 Shares in Carrier Global Corporation $CARR Purchased by Corient Private Wealth LP

Corient Private Wealth LP bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 445,108 shares of the company’s stock, valued at approximately $32,649,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC increased its stake in Carrier Global by 2.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after purchasing an additional 158 shares during the period. Aigen Investment Management LP lifted its position in shares of Carrier Global by 0.3% during the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after purchasing an additional 166 shares in the last quarter. Advisory Alpha LLC boosted its stake in shares of Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after purchasing an additional 171 shares during the period. Texas Bank & Trust Co boosted its stake in shares of Carrier Global by 1.3% in the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock valued at $742,000 after purchasing an additional 175 shares during the period. Finally, Advisor OS LLC grew its holdings in shares of Carrier Global by 0.8% in the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after purchasing an additional 178 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of NYSE CARR opened at $58.83 on Friday. The stock’s 50-day simple moving average is $66.42 and its 200-day simple moving average is $64.02. The firm has a market capitalization of $48.50 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02.

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, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $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 forecast that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup upped their target price on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Barclays raised their price target on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 price target on shares of Carrier Global in a research note on Thursday, July 30th. Rothschild & Co Redburn boosted their target price on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus 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.