Rakuten Investment Management Inc. Makes New $9.26 Million Investment in Carrier Global Corporation $CARR

Rakuten Investment Management Inc. bought a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 126,039 shares of the company’s stock, valued at approximately $9,255,000.

A number of other hedge funds have also recently made changes to their positions in CARR. Torren Management LLC purchased a new position in Carrier Global in the 4th quarter worth about $25,000. Johnson Financial Group Inc. bought a new position in Carrier Global in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in Carrier Global in the 2nd quarter worth about $26,000. Financial Management Professionals Inc. grew its stake in 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 acquiring an additional 225 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of Carrier Global during the fourth quarter worth approximately $33,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $78.00 target price on shares of Carrier Global in a report on Thursday, July 30th. Rothschild & Co Redburn raised their price target on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley lifted their price objective on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. 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, the company has an average rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $58.73 on Friday. The company has a market capitalization of $48.41 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average of $66.15 and a 200 day moving average of $63.98.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter last year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts predict that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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

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.