Carrier Global Corporation $CARR Shares Acquired by Nwam LLC

Nwam LLC raised its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 153.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,769 shares of the company’s stock after buying an additional 29,559 shares during the period. Nwam LLC’s holdings in Carrier Global were worth $3,577,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Johnson Financial Group Inc. acquired a new stake in shares of Carrier Global during the 2nd quarter valued at $25,000. Meeder Asset Management Inc. acquired a new position in shares of Carrier Global in the 2nd quarter worth $26,000. Financial Management Professionals Inc. raised its position in shares of Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the period. Burnham & Co LLC acquired a new stake in shares of Carrier Global during the second quarter worth $37,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth $33,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CARR. JPMorgan Chase & Co. increased their price target on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Citigroup upped their price objective 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. Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Rothschild & Co Redburn lifted their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Price Performance

CARR opened at $57.28 on Wednesday. The firm has a market capitalization of $47.22 billion, a P/E ratio of 39.78, a PEG ratio of 2.24 and a beta of 1.30. The stock has a fifty day moving average of $65.61 and a 200-day moving average of $63.85. 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 12-month low of $50.24 and a 12-month 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 for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.87 EPS 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 1.7%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s dividend payout ratio is 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.