Truefg LLC Makes New $3.48 Million Investment in Carrier Global Corporation $CARR

Truefg LLC purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 63,336 shares of the company’s stock, valued at approximately $3,475,000. Carrier Global comprises about 0.8% of Truefg LLC’s portfolio, making the stock its 14th biggest position.

A number of other large investors have also recently bought and sold shares of CARR. Johnson Financial Group Inc. acquired a new stake in shares of Carrier Global in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of Carrier Global in the second quarter worth $26,000. Financial Management Professionals Inc. boosted its holdings in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Downshift Financial LLC boosted its holdings in Carrier Global by 69.5% during the third quarter. Downshift Financial LLC now owns 517 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the last quarter. Finally, Signature Equity Partners LLC boosted its holdings in Carrier Global by 449.2% during the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after purchasing an additional 530 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CARR. Wolfe Research reissued an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Wells Fargo & Company assumed coverage on Carrier Global in a report on Thursday, September 24th. They issued an “overweight” rating and a $67.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Citigroup lifted 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. Finally, Zacks Research lowered Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.71.

Carrier Global Stock Down 1.5%

Carrier Global stock opened at $54.21 on Thursday. The stock has a market cap of $44.68 billion, a P/E ratio of 37.64, a P/E/G ratio of 1.88 and a beta of 1.29. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company’s 50-day moving average price is $57.96 and its two-hundred day moving average price is $62.84.

Carrier Global (NYSE:CARR) last announced its earnings results 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 company had revenue of $6.35 billion during 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%. Carrier Global’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts expect that Carrier Global Corporation will post 2.87 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, October 29th. Carrier Global’s payout ratio is currently 66.67%.

Carrier Global Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.