Man Group plc Invests $9.69 Million in Carrier Global Corporation $CARR

Man Group plc bought a new stake in Carrier Global Corporation (NYSE:CARR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 132,068 shares of the company’s stock, valued at approximately $9,687,000.

Several other large investors also recently added to or reduced their stakes in CARR. First Bancorp Inc ME acquired a new position in shares of Carrier Global during the 2nd quarter worth $79,000. Roberts Glore & Co. Inc. IL acquired a new position in Carrier Global during the 2nd quarter worth $918,000. Jupiter Topco LLC acquired a new stake in Carrier Global in the 2nd quarter valued at approximately $8,738,000. Hsbc Holdings PLC grew its stake in shares of Carrier Global by 13.8% in the second quarter. Hsbc Holdings PLC now owns 1,589,619 shares of the company’s stock worth $116,830,000 after acquiring an additional 192,493 shares during the last quarter. Finally, EFG International AG acquired a new position in shares of Carrier Global in the second quarter valued at $159,000. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CARR has been the topic of a number of recent research reports. Rothschild & Co Redburn lifted their price objective on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Argus raised their target price on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley increased their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. Finally, Evercore upped their price objective on Carrier Global from $75.00 to $85.00 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 given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Trading Down 0.2%

NYSE:CARR opened at $58.73 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The firm has a market cap of $48.41 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.17 and a beta of 1.31. The firm’s fifty day moving average is $66.15 and its 200-day moving average is $63.98. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results 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. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s 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. Equities analysts expect that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. 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.