Great Lakes Advisors LLC Invests $10.90 Million in Carrier Global Corporation $CARR

Great Lakes Advisors LLC bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 148,629 shares of the company’s stock, valued at approximately $10,902,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CARR. Bank of New York Mellon Corp bought a new position in Carrier Global in the second quarter worth about $590,759,000. Norges Bank purchased a new position in shares of Carrier Global during the 4th quarter worth approximately $380,299,000. Deutsche Bank AG purchased a new position in shares of Carrier Global during the 2nd quarter worth approximately $166,165,000. Ontario Teachers Pension Plan Board bought a new position in shares of Carrier Global in the 4th quarter worth approximately $99,839,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Carrier Global in the 2nd quarter worth approximately $136,714,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CARR shares. JPMorgan Chase & Co. raised their target price on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Barclays boosted their target price on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Robert W. Baird increased their price target on shares of Carrier Global from $70.00 to $75.00 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Stock Performance

Carrier Global stock opened at $61.38 on Wednesday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month 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 company has a market capitalization of $50.59 billion, a P/E ratio of 42.62, a PEG ratio of 2.32 and a beta of 1.31. The stock’s 50 day moving average is $67.89 and its 200 day moving average is $64.12.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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. 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 analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly 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. On average, equities research 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. Stockholders of record on Tuesday, July 21st were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend 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.