14,742 Shares in Carrier Global Corporation $CARR Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 14,742 shares of the company’s stock, valued at approximately $965,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Management Professionals Inc. raised its stake in Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after acquiring an additional 225 shares during the period. Torren Management LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth about $33,000. Signature Equity Partners LLC lifted 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 buying an additional 530 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new stake in shares of Carrier Global during the 2nd quarter worth about $49,000. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CARR. Wolfe Research restated an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. The Goldman Sachs Group lifted their price target on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Barclays boosted their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Royal Bank Of Canada increased their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Evercore boosted their target price on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Up 0.0%

Shares of NYSE:CARR opened at $62.78 on Monday. The business’s 50 day simple moving average is $68.18 and its 200 day simple moving average is $64.06. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. 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 $51.75 billion, a P/E ratio of 43.60, a P/E/G ratio of 2.32 and a beta of 1.31.

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

Carrier Global Dividend Announcement

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