Wealth Science Advisors LLC Acquires 14,098 Shares of Carrier Global Corporation $CARR

Wealth Science Advisors LLC lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 2,202.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,738 shares of the company’s stock after purchasing an additional 14,098 shares during the period. Wealth Science Advisors LLC’s holdings in Carrier Global were worth $1,081,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CARR. Massachusetts Financial Services Co. MA raised its holdings in Carrier Global by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after purchasing an additional 72,906 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Carrier Global by 16.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock valued at $8,093,000 after purchasing an additional 21,350 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Carrier Global by 1.5% in the 1st quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock valued at $80,547,000 after purchasing an additional 21,367 shares during the last quarter. Mandatum Life Insurance Co Ltd increased its position in shares of Carrier Global by 36.1% during the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock worth $6,259,000 after buying an additional 29,495 shares during the period. Finally, Carnegie Investment Counsel increased its position in shares of Carrier Global by 420.4% during the fourth quarter. Carnegie Investment Counsel now owns 25,758 shares of the company’s stock worth $1,361,000 after buying an additional 20,808 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CARR shares. JPMorgan Chase & Co. boosted their target price on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Morgan Stanley lifted their price objective 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. Argus lifted their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group boosted their price objective on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. One 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Stock Performance

NYSE:CARR opened at $64.01 on Friday. 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 Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a fifty day moving average of $68.56 and a 200-day moving average of $63.79. The firm has a market capitalization of $52.77 billion, a P/E ratio of 44.45, a P/E/G ratio of 2.48 and a beta of 1.31.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. Carrier Global’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, sell-side analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 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.