Wealthfront Advisers LLC Makes New $7.17 Million Investment in Carrier Global Corporation $CARR

Wealthfront Advisers LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 97,737 shares of the company’s stock, valued at approximately $7,169,000.

A number of other large investors have also recently bought and sold shares of CARR. Meeder Asset Management Inc. acquired a new stake in shares of Carrier Global during the second quarter worth about $26,000. Financial Management Professionals Inc. boosted its stake in shares of Carrier Global by 142.4% in the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after buying an additional 225 shares in the last quarter. Torren Management LLC acquired a new position in shares of Carrier Global during the 4th quarter worth $25,000. Garton & Associates Financial Advisors LLC acquired a new position in Carrier Global during the fourth quarter worth about $33,000. Finally, Signature Equity Partners LLC boosted its stake in shares of Carrier Global by 449.2% during the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after acquiring an additional 530 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Wolfe Research reiterated an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. 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. Barclays raised their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Citigroup lifted their price target on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. One 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’s stock. Based on data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $61.13 on Thursday. The business’s fifty day moving average price is $67.75 and its two-hundred day moving average price is $64.13. The stock has a market cap of $50.39 billion, a PE ratio of 42.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) 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.