United Capital Financial Advisors LLC Invests $2.90 Million in Carrier Global Corporation $CARR

United Capital Financial Advisors LLC bought a new stake in Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, HoldingsChannel reports. The fund bought 39,552 shares of the company’s stock, valued at approximately $2,901,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CARR. Torren Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter valued at approximately $25,000. Johnson Financial Group Inc. purchased a new position in Carrier Global in the second quarter worth $25,000. Meeder Asset Management Inc. acquired a new stake in Carrier Global in the second quarter valued at $26,000. Financial Management Professionals Inc. lifted its holdings in Carrier Global by 142.4% in the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after acquiring an additional 225 shares during the period. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth $33,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Evercore boosted their price objective on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Robert W. Baird increased their target price on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Finally, Citigroup lifted their price target on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Trading Down 0.2%

Shares of CARR opened at $58.73 on Friday. 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 Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The stock has a market cap of $48.41 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. The firm has a 50 day simple moving average of $66.15 and a 200-day simple moving average of $63.98.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

About Carrier Global

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.