Corient Private Wealth LP Acquires Shares of 445,108 Carrier Global Corporation $CARR

Corient Private Wealth LP bought a new position in shares of Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 445,108 shares of the company’s stock, valued at approximately $32,649,000. Corient Private Wealth LP owned about 0.05% of Carrier Global as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dynamic Advisor Solutions LLC lifted its stake in shares of Carrier Global by 2.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after buying an additional 158 shares in the last quarter. Aigen Investment Management LP grew its stake in Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after acquiring an additional 166 shares in the last quarter. Advisory Alpha LLC grew its stake in Carrier Global by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after acquiring an additional 171 shares in the last quarter. Texas Bank & Trust Co raised its holdings in Carrier Global by 1.3% in the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock valued at $742,000 after acquiring an additional 175 shares during the last quarter. Finally, Advisor OS LLC raised its holdings in Carrier Global by 0.8% in the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after acquiring an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Evercore increased their price target on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Royal Bank Of Canada lifted their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Wolfe Research restated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Trading Up 0.2%

NYSE CARR opened at $58.83 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 stock has a market capitalization of $48.50 billion, a P/E ratio of 40.85, a PEG ratio of 2.17 and a beta of 1.31. The firm’s 50-day moving average is $66.42 and its two-hundred day moving average is $64.02. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76.

Carrier Global (NYSE:CARR) last announced 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 during the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 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.