86,813 Shares in Carrier Global Corporation $CARR Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC purchased a new position in Carrier Global Corporation (NYSE:CARR) during the second quarter, HoldingsChannel reports. The institutional investor purchased 86,813 shares of the company’s stock, valued at approximately $6,375,000.

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

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of research analyst reports. Barclays lifted their price target on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Sanford C. Bernstein restated a “market perform” rating and set a $78.00 price objective on shares of Carrier Global in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Evercore lifted their target price on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Mizuho boosted their price target on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Stock Performance

Shares of CARR stock opened at $59.92 on Tuesday. The company’s fifty day simple moving average is $67.15 and its 200-day simple moving average is $64.13. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The company has a market cap of $49.39 billion, a PE ratio of 41.61, a P/E/G ratio of 2.23 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced 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 net margin of 5.52% and a return on equity of 14.68%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm’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. As a group, equities research analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

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

Carrier Global Company 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.