N.E.W. Advisory Services LLC Takes Position in Carrier Global Corporation $CARR

N.E.W. Advisory Services LLC bought a new position in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,109 shares of the company’s stock, valued at approximately $962,000.

A number of other hedge funds also recently bought and sold shares of CARR. Brighton Jones LLC increased its stake in shares of Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after buying an additional 1,850 shares during the period. AQR Capital Management LLC boosted its holdings in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after acquiring an additional 23,200 shares in the last quarter. United Bank boosted its holdings in Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after acquiring an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of Carrier Global by 6.0% in the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after purchasing an additional 561 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.0%

CARR opened at $62.78 on Monday. The stock has a market capitalization of $51.75 billion, a price-to-earnings ratio of 43.60, a PEG ratio of 2.32 and a beta of 1.31. The firm has a 50 day moving average price of $68.18 and a 200-day moving average price of $64.06. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. 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 (NYSE:CARR) last posted its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

The firm 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. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s payout ratio is 66.67%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Morgan Stanley upped their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Mizuho increased their target price on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Finally, Argus upped their price target on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One equities research 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.67.

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.