Flputnam Investment Management Co. Takes Position in Carrier Global Corporation $CARR

Flputnam Investment Management Co. purchased a new stake in Carrier Global Corporation (NYSE:CARR) in the second quarter, HoldingsChannel reports. The firm purchased 11,807 shares of the company’s stock, valued at approximately $866,000.

Several other institutional investors have also recently bought and sold shares of CARR. State Street Corp increased its stake in shares of 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 period. Morgan Stanley raised its position in shares of Carrier Global by 1.8% during the fourth quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after acquiring an additional 210,952 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Carrier Global during the second quarter valued at $590,759,000. Norges Bank bought a new position in Carrier Global in the fourth quarter valued at about $380,299,000. Finally, Fiera Capital Corp boosted its holdings in 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 last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CARR shares. 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. Robert W. Baird raised their target price on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Mizuho boosted their price target on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Finally, Citigroup increased their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Trading Down 0.3%

NYSE:CARR opened at $62.59 on Tuesday. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The business’s 50-day moving average price is $68.09 and its two-hundred day moving average price is $64.10. 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 $51.59 billion, a price-to-earnings ratio of 43.47, a PEG ratio of 2.32 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities analysts expect that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were 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 was Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 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.