Confluence Investment Management LLC Has $34.68 Million Stock Position in Carrier Global Corporation $CARR

Confluence Investment Management LLC trimmed its stake in Carrier Global Corporation (NYSE:CARR) by 7.5% in the second quarter, HoldingsChannel.com reports. The firm owned 472,778 shares of the company’s stock after selling 38,359 shares during the period. Confluence Investment Management LLC’s holdings in Carrier Global were worth $34,678,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CARR. Torren Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Carrier Global in the fourth quarter worth approximately $33,000. Signature Equity Partners LLC lifted its stake in shares of Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after acquiring an additional 530 shares during the period. Princeton Global Asset Management LLC bought a new stake in Carrier Global in the fourth quarter valued at approximately $39,000. Finally, Reflection Asset Management bought a new stake in Carrier Global in the fourth quarter valued at approximately $41,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

CARR stock opened at $63.21 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The company’s 50-day moving average is $68.52 and its 200-day moving average is $63.59. The stock has a market capitalization of $52.11 billion, a PE ratio of 43.90, a price-to-earnings-growth ratio of 2.39 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.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts expect that Carrier Global Corporation will post 2.88 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s payout ratio is currently 66.67%.

Analyst Ratings Changes

Several research firms have issued reports on CARR. Barclays raised their price target on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Morgan Stanley increased their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. BNP Paribas Exane began coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price for the company. Royal Bank Of Canada upped their target price on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.