Diamond Hill Capital Management LLC Investment Advisor Invests $131.19 Million in Carrier Global Corporation $CARR

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,788,605 shares of the company’s stock, valued at approximately $131,194,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.22% of Carrier Global at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Torren Management LLC purchased a new position in Carrier Global in the fourth quarter worth about $25,000. Financial Management Professionals Inc. raised its position in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at approximately $33,000. Signature Equity Partners LLC lifted its stake in shares of Carrier Global by 449.2% in the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after purchasing an additional 530 shares during the last quarter. Finally, Reflection Asset Management purchased a new position in shares of Carrier Global in the 4th quarter worth approximately $41,000. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Citigroup boosted their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Argus increased their target price 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, Barclays raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Stock Performance

CARR stock opened at $62.78 on Monday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The firm has a market cap of $51.75 billion, a price-to-earnings ratio of 43.60, a PEG ratio of 2.32 and a beta of 1.31. The business’s fifty day simple moving average is $68.18 and its two-hundred day simple moving average is $64.06. 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 (NYSE:CARR) last issued 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 firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. 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 year.

Carrier Global Dividend Announcement

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