39,552 Shares in Carrier Global Corporation $CARR Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,552 shares of the company’s stock, valued at approximately $2,901,000.

Other large investors also recently modified their holdings of the company. Dearborn Partners LLC purchased a new position in Carrier Global in the second quarter valued at $2,819,000. Brooks Moore & Associates Inc. purchased a new position in shares of Carrier Global in the 2nd quarter valued at about $223,000. Hamilton Capital LLC acquired a new stake in shares of Carrier Global during the 2nd quarter worth about $226,000. Equitable Holdings Inc. purchased a new stake in Carrier Global during the second quarter worth approximately $1,195,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Carrier Global during the second quarter worth approximately $21,345,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CARR. Evercore increased their target price on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Sanford C. Bernstein reissued a “market perform” rating and issued a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Morgan Stanley lifted their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Stock Down 0.2%

Shares of NYSE:CARR opened at $58.73 on Friday. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. 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 cap of $48.41 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.17 and a beta of 1.31. The firm has a fifty day moving average price of $66.15 and a 200 day moving average price of $63.98.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the business posted $0.92 earnings per share. Carrier Global’s quarterly revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts predict that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders 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 is currently 66.67%.

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.