Westport Asset Management Inc. Invests $3.84 Million in Carrier Global Corporation $CARR

Westport Asset Management Inc. purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, HoldingsChannel reports. The institutional investor purchased 52,400 shares of the company’s stock, valued at approximately $3,844,000. Carrier Global makes up approximately 1.6% of Westport Asset Management Inc.’s portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Johnson Financial Group Inc. acquired a new position in Carrier Global during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in Carrier Global during the 2nd quarter valued at $26,000. Financial Management Professionals Inc. grew its stake in Carrier Global by 142.4% in the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares in the last quarter. Torren Management LLC acquired a new position in shares of Carrier Global in the 4th quarter worth approximately $25,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in Carrier Global in the fourth quarter worth $33,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Morgan Stanley increased their price target on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Citigroup increased their price target on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Royal Bank Of Canada lifted their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Robert W. Baird boosted their price target on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued 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 Stock Down 0.5%

CARR opened at $61.13 on Thursday. 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 company has a market capitalization 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 business has a 50-day moving average of $67.75 and a 200-day moving average of $64.13. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The company 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 company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. 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 EPS for the current fiscal year.

Carrier Global Announces Dividend

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