Dearborn Partners LLC Makes New Investment in Carrier Global Corporation $CARR

Dearborn Partners LLC purchased a new stake in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 38,433 shares of the company’s stock, valued at approximately $2,164,000.

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

Analyst Ratings Changes

Several research analysts recently weighed in on CARR shares. Citigroup increased their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Wolfe Research restated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. Robert W. Baird lifted their price objective on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Finally, Evercore boosted their target price on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. One investment 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 currently has an average rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Trading Down 0.7%

Shares of CARR opened at $59.92 on Tuesday. The stock’s 50-day moving average is $67.15 and its two-hundred day moving average is $64.13. The stock has a market cap of $49.39 billion, a PE ratio of 41.61, a P/E/G ratio of 2.23 and a beta of 1.31. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month 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.

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 analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during 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 company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $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 2.89 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) 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.