1,005,203 Shares in Carrier Global Corporation $CARR Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,005,203 shares of the company’s stock, valued at approximately $73,732,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in Carrier Global during the second quarter worth about $25,000. Meeder Asset Management Inc. acquired a new stake in Carrier Global during the second quarter worth about $26,000. Financial Management Professionals Inc. increased its holdings in 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 buying an additional 225 shares during the period. Torren Management LLC bought a new position in Carrier Global in the 4th quarter valued at about $25,000. Finally, Burnham & Co LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at approximately $37,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR stock opened at $58.77 on Thursday. The business’s 50 day simple moving average is $66.68 and its 200 day simple moving average is $64.06. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The stock has a market capitalization of $48.45 billion, a PE ratio of 40.81, a PEG ratio of 2.16 and a beta of 1.31. 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 (NYSE:CARR) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, research analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were given 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 yield of 1.6%. Carrier Global’s dividend payout ratio is 66.67%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Mizuho upped their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. The Goldman Sachs Group lifted their price objective on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Sanford C. Bernstein restated a “market perform” rating and set a $78.00 price objective on shares of Carrier Global in a research report on Thursday, July 30th. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company raised their target price on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.