15,074 Shares in Carrier Global Corporation $CARR Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 15,074 shares of the company’s stock, valued at approximately $1,106,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp increased its stake in shares of Carrier Global by 1.1% during the fourth quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after buying an additional 351,490 shares during the period. Morgan Stanley boosted its holdings in Carrier Global by 1.8% in the fourth quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock valued at $621,264,000 after acquiring an additional 210,952 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Carrier Global in the second quarter valued at $590,759,000. Bank of America Corp DE bought a new position in Carrier Global in the 2nd quarter worth $572,908,000. Finally, Norges Bank bought a new position in Carrier Global in the 4th quarter worth $380,299,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the topic of a number of research reports. Citigroup lifted their target price on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. JPMorgan Chase & Co. raised their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Rothschild & Co Redburn upped their target price on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Stock Down 0.2%

Shares of Carrier Global stock 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. The company has a 50-day moving average of $66.15 and a 200 day moving average of $63.98. The firm has a market cap of $48.41 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.17 and a beta of 1.31. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76.

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, 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 company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, sell-side analysts anticipate that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared 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%.

Carrier Global Company 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.