40,000 Shares in Carrier Global Corporation $CARR Acquired by Kentucky Farm Bureau Mutual Insurance Co

Kentucky Farm Bureau Mutual Insurance Co acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,000 shares of the company’s stock, valued at approximately $2,934,000.

A number of other institutional investors have also recently modified their holdings of CARR. Torren Management LLC acquired a new position in Carrier Global in the fourth quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in Carrier Global during the second quarter worth about $26,000. Financial Management Professionals Inc. increased its holdings in Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after buying an additional 225 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in Carrier Global in the 4th quarter valued at about $33,000. Finally, Signature Equity Partners LLC raised its position 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 buying an additional 530 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Down 0.5%

Shares of NYSE:CARR opened at $61.13 on Thursday. The company has a market capitalization of $50.39 billion, a PE ratio of 42.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. The business has a fifty day moving average price of $67.75 and a two-hundred day moving average price of $64.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm 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%.The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed 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 (DPR) is 66.67%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Mizuho increased their price objective on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Citigroup upped their target price on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, 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.