Somerville Kurt F Invests $2.21 Million in Carrier Global Corporation $CARR

Somerville Kurt F acquired a new stake in Carrier Global Corporation (NYSE:CARR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,105 shares of the company’s stock, valued at approximately $2,208,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in Carrier Global in the 2nd quarter worth about $590,759,000. Norges Bank purchased a new position in shares of Carrier Global during the 4th quarter worth about $380,299,000. Deutsche Bank AG acquired a new stake in shares of Carrier Global in the second quarter worth approximately $166,165,000. Ontario Teachers Pension Plan Board purchased a new stake in Carrier Global in the fourth quarter valued at approximately $99,839,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Carrier Global during the second quarter worth approximately $136,714,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. Argus lifted their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Citigroup increased their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Robert W. Baird lifted their target price on Carrier Global from $70.00 to $75.00 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 report on Friday, May 1st. Finally, Evercore upped their price target on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Price Performance

CARR opened at $61.13 on Thursday. 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 Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The company has a 50 day moving average of $67.75 and a two-hundred day moving average of $64.13. The company has a market cap of $50.39 billion, a P/E ratio of 42.45, a P/E/G ratio of 2.27 and a beta of 1.31.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts expect that Carrier Global Corporation will post 2.89 earnings per share for the current 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 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 is currently 66.67%.

Carrier Global 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.