Glenview Trust Co Takes $1.71 Million Position in Carrier Global Corporation $CARR

Glenview Trust Co purchased a new stake in Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,318 shares of the company’s stock, valued at approximately $1,710,000.

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

Carrier Global Stock Performance

Shares of CARR opened at $58.73 on Friday. The company has a 50-day moving average of $66.15 and a two-hundred day moving average of $63.98. The stock has a market cap of $48.41 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.17 and a beta of 1.31. Carrier Global Corporation has a one year low of $50.24 and a one 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.

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

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were issued a $0.24 dividend. The ex-dividend date 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 currently 66.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Morgan Stanley raised their target price on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Citigroup boosted their price objective on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, Mizuho upped their price objective on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.67.

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.