GAMMA Investing LLC Grows Stock Position in Carrier Global Corporation $CARR

GAMMA Investing LLC boosted its holdings in Carrier Global Corporation (NYSE:CARR) by 27.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,910 shares of the company’s stock after acquiring an additional 7,907 shares during the period. GAMMA Investing LLC’s holdings in Carrier Global were worth $2,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in Carrier Global by 6.9% during the fourth 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 in the last quarter. Cardinal Capital Management Inc. grew its stake in shares of Carrier Global by 11.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after buying an additional 41,647 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Carrier Global by 16.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock valued at $8,093,000 after buying an additional 21,350 shares in the last quarter. Mandatum Life Insurance Co Ltd raised 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 buying an additional 29,495 shares during the period. Finally, California Public Employees Retirement System raised its holdings 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 buying an additional 21,367 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 0.3%

CARR opened at $65.48 on Thursday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The stock has a market capitalization of $53.97 billion, a price-to-earnings ratio of 45.47, a PEG ratio of 2.54 and a beta of 1.31. 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 business has a fifty day moving average price of $68.55 and a 200 day moving average price of $63.73.

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, topping the consensus estimate of $0.82 by $0.04. The company 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 was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts expect that Carrier Global Corporation will post 2.88 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CARR shares. Argus raised their target price on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Citigroup boosted their price target on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. BNP Paribas Exane assumed coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target on the stock. The Goldman Sachs Group raised their price objective on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective 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. 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’s stock. Based on data from 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.