15,074 Shares in Carrier Global Corporation $CARR Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,074 shares of the company’s stock, valued at approximately $1,106,000.

Other hedge funds have also added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth about $25,000. Johnson Financial Group Inc. purchased a new position in Carrier Global during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in Carrier Global during the second quarter valued at approximately $26,000. Financial Management Professionals Inc. increased its holdings in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares during the period. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Carrier Global in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 0.2%

CARR stock opened at $58.73 on Friday. The company has a market capitalization of $48.41 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The company’s 50 day moving average price is $66.15 and its two-hundred day moving average price is $63.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02.

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. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts predict that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.6%. Carrier Global’s payout ratio is presently 66.67%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CARR shares. JPMorgan Chase & Co. upped their target price on Carrier Global from $63.00 to $67.00 and gave the stock 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 research report on Monday, July 20th. Rothschild & Co Redburn boosted their price objective on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Morgan Stanley lifted their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global 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.