GAMMA Investing LLC Grows Stock Holdings in Carrier Global Corporation $CARR

GAMMA Investing LLC increased its position in shares of Carrier Global Corporation (NYSE:CARR) by 27.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,910 shares of the company’s stock after purchasing an additional 7,907 shares during the period. GAMMA Investing LLC’s holdings in Carrier Global were worth $2,707,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CARR. Aigen Investment Management LP raised its stake in Carrier Global by 0.3% in the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after buying an additional 166 shares in the last quarter. Advisory Alpha LLC lifted its holdings in Carrier Global by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after buying an additional 171 shares during the last quarter. Texas Bank & Trust Co boosted its position in shares of Carrier Global by 1.3% during the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after acquiring an additional 175 shares in the last quarter. Advisor OS LLC increased its holdings in shares of Carrier Global by 0.8% in the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after acquiring an additional 178 shares during the last quarter. Finally, Personal CFO Solutions LLC increased its holdings in shares of Carrier Global by 0.7% in the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock valued at $1,389,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays raised their target price on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. The Goldman Sachs Group increased their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Rothschild & Co Redburn boosted their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Citigroup boosted their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Down 0.3%

Shares of CARR stock opened at $65.48 on Thursday. The company has a market capitalization of $53.97 billion, a P/E ratio of 45.47, a price-to-earnings-growth ratio of 2.54 and a beta of 1.31. 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 business’s 50 day moving average is $68.55 and its two-hundred day moving average is $63.73. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.88 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is currently 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.