MFG Wealth Management Inc. Invests $3.13 Million in Carrier Global Corporation $CARR

MFG Wealth Management Inc. bought a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 42,691 shares of the company’s stock, valued at approximately $3,131,000. Carrier Global makes up 2.2% of MFG Wealth Management Inc.’s portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wynn Capital LLC acquired a new stake in Carrier Global in the 2nd quarter valued at $217,000. Cooper Financial Group raised its stake in Carrier Global by 7.4% during the second quarter. Cooper Financial Group now owns 4,454 shares of the company’s stock worth $327,000 after acquiring an additional 307 shares in the last quarter. Czech National Bank raised its stake in Carrier Global by 3.9% during the second quarter. Czech National Bank now owns 222,230 shares of the company’s stock worth $16,301,000 after acquiring an additional 8,250 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in shares of Carrier Global by 11.0% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 139,104 shares of the company’s stock valued at $10,203,000 after acquiring an additional 13,800 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Carrier Global by 275.3% during the second quarter. Assenagon Asset Management S.A. now owns 114,739 shares of the company’s stock valued at $8,416,000 after acquiring an additional 84,165 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR stock opened at $64.01 on Friday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The stock has a market capitalization of $52.77 billion, a PE ratio of 44.45, a PEG ratio of 2.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The stock’s fifty day moving average is $68.56 and its 200-day moving average is $63.79.

Carrier Global (NYSE:CARR) last released 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 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 revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts expect that Carrier Global Corporation will post 2.88 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $78.00 target price on shares of Carrier Global in a report on Thursday, July 30th. Argus lifted their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Mizuho lifted their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Morgan Stanley boosted their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, Evercore upped their price objective on shares of Carrier Global from $75.00 to $85.00 in a research note 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.67.

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.