1,788,605 Shares in Carrier Global Corporation $CARR Acquired by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,788,605 shares of the company’s stock, valued at approximately $131,194,000.

Several other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted 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 worth $28,000 after buying an additional 225 shares during the period. Torren Management LLC bought a new position in shares of Carrier Global during the 4th quarter worth $25,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Carrier Global during the fourth quarter valued at $33,000. Signature Equity Partners LLC increased its stake in shares of Carrier Global by 449.2% during the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after buying an additional 530 shares during the period. Finally, Kelleher Financial Advisors purchased a new position in shares of Carrier Global during the second quarter valued at $49,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Trading Up 0.0%

Shares of NYSE CARR opened at $62.78 on Monday. 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 stock has a market capitalization of $51.75 billion, a P/E ratio of 43.60, a price-to-earnings-growth ratio of 2.32 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. The business has a fifty day moving average price of $68.18 and a 200 day moving average price of $64.06.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors 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 1.5%. Carrier Global’s dividend payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Barclays raised their target price on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Argus boosted 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. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Rothschild & Co Redburn increased their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. One 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

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.