Principle Wealth Partners LLC Takes Position in Carrier Global Corporation $CARR

Principle Wealth Partners LLC 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. The institutional investor purchased 21,648 shares of the company’s stock, valued at approximately $1,588,000.

Several other hedge funds have also made changes to their positions in the stock. Dynamic Advisor Solutions LLC increased its position in Carrier Global by 2.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after buying an additional 158 shares during the period. Aigen Investment Management LP lifted its stake in Carrier Global by 0.3% in the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after buying an additional 166 shares during the last quarter. Advisory Alpha LLC boosted its holdings in shares of Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after acquiring an additional 171 shares during the period. Texas Bank & Trust Co boosted its holdings in shares of Carrier Global by 1.3% during the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock valued at $742,000 after acquiring an additional 175 shares during the period. Finally, Advisor OS LLC grew its position in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after acquiring an additional 178 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR opened at $62.59 on Tuesday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The stock’s fifty day moving average is $68.09 and its 200-day moving average is $64.10. 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 capitalization of $51.59 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 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 company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s payout ratio is 66.67%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 13th. The Goldman Sachs Group boosted their target price on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Royal Bank Of Canada upped their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Argus raised their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company boosted their price objective on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Company 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.