MFG Wealth Management Inc. Takes $3.13 Million Position in Carrier Global Corporation $CARR

MFG Wealth Management Inc. acquired a new position in Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 42,691 shares of the company’s stock, valued at approximately $3,131,000. Carrier Global accounts for approximately 2.2% of MFG Wealth Management Inc.’s investment portfolio, making the stock its 13th largest position.

Several other large investors have also made changes to their positions in CARR. State Street Corp grew its holdings in Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after buying an additional 351,490 shares during the last quarter. Morgan Stanley increased its position in Carrier Global by 1.8% in the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after buying an additional 210,952 shares during the period. Norges Bank bought a new stake in shares of Carrier Global in the fourth quarter valued at approximately $380,299,000. Fiera Capital Corp boosted its position in shares of Carrier Global by 5.3% in the fourth quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock valued at $365,837,000 after acquiring an additional 348,812 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Carrier Global by 14.4% in the first quarter. Bank of America Corp DE now owns 6,592,682 shares of the company’s stock worth $371,234,000 after acquiring an additional 831,327 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of research reports. Argus boosted their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Wells Fargo & Company increased their price target on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target on the stock. The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $64.01 on Friday. The business has a fifty day simple moving average of $68.56 and a 200 day simple moving average of $63.79. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $52.77 billion, a price-to-earnings ratio of 44.45, a PEG ratio of 2.48 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.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results 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 firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts expect that Carrier Global Corporation will post 2.88 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 66.67%.

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.