Wealthfront Advisers LLC Buys Shares of 97,737 Carrier Global Corporation $CARR

Wealthfront Advisers LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 97,737 shares of the company’s stock, valued at approximately $7,169,000.

Other large investors have also recently added to or reduced their stakes in the company. Foster & Motley Inc. acquired a new stake in Carrier Global during the 2nd quarter worth approximately $457,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Carrier Global during the second quarter worth $65,340,000. Main Street Financial Solutions LLC acquired a new stake in shares of Carrier Global in the second quarter valued at $232,000. First National Bank of Omaha acquired a new stake in shares of Carrier Global in the second quarter valued at $574,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Carrier Global in the second quarter valued at $58,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. JPMorgan Chase & Co. upped their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company raised their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Evercore lifted their price target on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Wolfe Research reiterated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Stock Performance

Shares of CARR opened at $61.13 on Thursday. The company has a market capitalization of $50.39 billion, a price-to-earnings ratio of 42.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week 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 stock has a 50 day moving average price of $67.75 and a 200 day moving average price of $64.13.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 66.67%.

About Carrier Global

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.