Van Hulzen Asset Management LLC Acquires New Position in Carrier Global Corporation $CARR

Van Hulzen Asset Management LLC acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,162 shares of the company’s stock, valued at approximately $1,992,000.

Several other large investors have also bought and sold shares of the company. Fiduciary Financial Advisors bought a new stake in shares of Carrier Global during the second quarter valued at approximately $53,000. Manning & Napier Advisors LLC bought a new position in Carrier Global in the 2nd quarter valued at approximately $6,375,000. Tandem Financial LLC purchased a new stake in Carrier Global during the 2nd quarter valued at $689,000. L2 Asset Management LLC bought a new stake in shares of Carrier Global in the 2nd quarter worth $328,000. Finally, Partners Capital Investment Group LLP purchased a new position in shares of Carrier Global in the second quarter worth $512,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Rothschild & Co Redburn lifted their price target on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Wolfe Research reissued an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. Finally, Argus boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Stock Down 0.7%

CARR stock opened at $59.92 on Tuesday. The stock has a market cap of $49.39 billion, a P/E ratio of 41.61, a PEG ratio of 2.23 and a beta of 1.31. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The business’s 50-day moving average price is $67.15 and its 200-day moving average price is $64.13. 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 announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The business’s 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. On average, equities research analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio is currently 66.67%.

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.