11,159 Shares in Carrier Global Corporation $CARR Bought by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new position in Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,159 shares of the company’s stock, valued at approximately $814,000.

A number of other institutional investors have also recently bought and sold shares of CARR. Financial Management Professionals Inc. raised its stake in shares of 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 purchasing an additional 225 shares during the period. Torren Management LLC bought a new position in Carrier Global during the fourth quarter valued at about $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in Carrier Global during the fourth quarter worth about $33,000. Signature Equity Partners LLC increased 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 buying an additional 530 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new stake in Carrier Global in the second quarter worth about $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 1.9%

Shares of CARR stock opened at $61.38 on Wednesday. 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 Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The company has a market capitalization of $50.59 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The business’s fifty day moving average is $67.89 and its 200 day moving average is $64.12.

Carrier Global (NYSE:CARR) last posted its 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 period in the previous year, the business earned $0.92 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of research analyst reports. Barclays boosted their target price on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Mizuho raised their price target on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Robert W. Baird lifted their price target on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Evercore upped their price objective on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

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.