Compass Wealth Management LLC Takes $881,000 Position in Carrier Global Corporation $CARR

Compass Wealth Management 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 12,017 shares of the company’s stock, valued at approximately $881,000.

Several other hedge funds have also made changes to their positions in the stock. Torren Management LLC acquired a new position in Carrier Global during the 4th quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in Carrier Global in the second quarter worth $26,000. Financial Management Professionals Inc. increased its position in Carrier Global by 142.4% in the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after buying an additional 225 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in Carrier Global in the fourth quarter valued at $33,000. Finally, Signature Equity Partners LLC lifted its stake in Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after buying an additional 530 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

CARR opened at $61.38 on Wednesday. The business has a 50 day moving average price of $67.89 and a two-hundred day moving average price of $64.12. 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 has a market capitalization of $50.59 billion, a price-to-earnings ratio of 42.62, a price-to-earnings-growth ratio of 2.32 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 quarterly 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 company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period last year, the firm earned $0.92 EPS. The firm’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. Research analysts predict that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were paid a dividend of $0.24 per share. 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 (DPR) is currently 66.67%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup upped their price target on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Wolfe Research restated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada raised their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note 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 given a Hold rating to the company’s stock. According to MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average 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.