Tandem Financial LLC Invests $689,000 in Carrier Global Corporation $CARR

Tandem Financial LLC bought a new stake in Carrier Global Corporation (NYSE:CARR) in the second quarter, HoldingsChannel reports. The fund bought 9,387 shares of the company’s stock, valued at approximately $689,000.

Several other hedge funds have also modified their holdings of the stock. Dynamic Advisor Solutions LLC lifted its position in Carrier Global by 2.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after acquiring an additional 158 shares in the last quarter. Aigen Investment Management LP boosted its holdings in Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after acquiring an additional 166 shares during the period. Advisory Alpha LLC grew its position in Carrier Global by 2.9% in 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 in the last quarter. Texas Bank & Trust Co grew its position in Carrier Global by 1.3% in 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 in the last quarter. Finally, Advisor OS LLC raised its stake 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 valued at $1,135,000 after purchasing an additional 178 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Rothschild & Co Redburn raised their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Citigroup lifted their price target on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Royal Bank Of Canada lifted their price target on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Argus boosted their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Price Performance

CARR stock opened at $59.92 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The stock’s 50 day moving average is $67.15 and its two-hundred day moving average is $64.13. The company has a market capitalization of $49.39 billion, a PE ratio of 41.61, a P/E/G ratio of 2.23 and a beta of 1.31.

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 analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors 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 yield of 1.6%. Carrier Global’s dividend payout ratio is currently 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.