Glenview Trust Co Purchases Shares of 23,318 Carrier Global Corporation $CARR

Glenview Trust Co bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 23,318 shares of the company’s stock, valued at approximately $1,710,000.

A number of other large investors have also made changes to their positions in the stock. Van Hulzen Asset Management LLC acquired a new stake in Carrier Global in the 2nd quarter worth approximately $1,992,000. Cardinal Capital Management Inc. boosted its position in Carrier Global by 7.1% in the second quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock valued at $42,201,000 after buying an additional 37,934 shares during the last quarter. California Public Employees Retirement System lifted its stake in Carrier Global by 1.5% during 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 acquiring an additional 21,367 shares during the period. Mandatum Life Insurance Co Ltd boosted its holdings in shares of Carrier Global by 36.1% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock valued at $6,259,000 after acquiring an additional 29,495 shares during the last quarter. Finally, Avity Investment Management Inc. increased its stake in shares of Carrier Global by 33.9% in the second quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock worth $14,265,000 after acquiring an additional 49,260 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $58.73 on Friday. The firm has a market cap of $48.41 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The business’s fifty day simple moving average is $66.15 and its 200-day simple moving average is $63.98. 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 (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share 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 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

CARR has been the topic of several analyst reports. Citigroup increased their price target on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. increased their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Morgan Stanley lifted their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Evercore raised their price target on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, The Goldman Sachs Group increased their target price on Carrier Global from $74.00 to $80.00 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 stock. According to data from MarketBeat, the company presently has a consensus 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.