Pinnbrook Capital Management LP Takes Position in Carrier Global Corporation $CARR

Pinnbrook Capital Management LP purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,000 shares of the company’s stock, valued at approximately $3,007,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares during the period. United Bank boosted its stake in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after buying an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in Carrier Global by 6.0% during the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after acquiring an additional 561 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CARR shares. Morgan Stanley increased their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. The Goldman Sachs Group upped their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Evercore increased their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Stock Performance

Shares of CARR stock opened at $60.40 on Friday. The stock has a fifty day moving average price of $67.37 and a 200 day moving average price of $64.11. The stock has a market cap of $49.79 billion, a PE ratio of 41.94, a P/E/G ratio of 2.23 and a beta of 1.31. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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