Roberts Glore & Co. Inc. IL Purchases New Stake in Carrier Global Corporation $CARR

Roberts Glore & Co. Inc. IL acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,522 shares of the company’s stock, valued at approximately $918,000.

Other large investors have also recently bought and sold shares of the company. Torren Management LLC bought a new position in Carrier Global in the fourth quarter valued at approximately $25,000. Johnson Financial Group Inc. bought a new stake in Carrier Global during the second quarter worth $25,000. Meeder Asset Management Inc. bought a new stake in Carrier Global during the second quarter worth $26,000. Financial Management Professionals Inc. boosted its holdings in shares of Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Carrier Global in the 4th quarter valued at $33,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARR has been the subject of several recent analyst reports. Evercore upped their price objective on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Citigroup boosted their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Wells Fargo & Company increased their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. One 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 company. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Trading Down 2.4%

CARR opened at $58.51 on Wednesday. The stock has a market cap of $48.23 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.31. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a fifty day moving average of $66.89 and a 200-day moving average of $64.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results 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 net margin of 5.52% and a return on equity of 14.68%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s quarterly revenue 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. On average, sell-side analysts predict that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 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.