92,431 Shares in Carrier Global Corporation $CARR Purchased by Callan Family Office LLC

Callan Family Office LLC bought a new position in Carrier Global Corporation (NYSE:CARR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 92,431 shares of the company’s stock, valued at approximately $6,780,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in Carrier Global in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of Carrier Global during the 2nd quarter valued at $26,000. Financial Management Professionals Inc. boosted its stake in shares of 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 buying an additional 225 shares during the last quarter. Torren Management LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $25,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $33,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.4%

Shares of NYSE CARR opened at $60.40 on Friday. The stock has a market capitalization of $49.79 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 2.22 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $67.37 and its 200-day moving average price is $64.11. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76.

Carrier Global (NYSE:CARR) last announced 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. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on CARR shares. Robert W. Baird raised their target price on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. 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. Wells Fargo & Company raised their price objective on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $73.67.

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.