Sone Capital Management LLC Purchases New Stake in Carrier Global Corporation $CARR

Sone Capital Management LLC acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 188,214 shares of the company’s stock, valued at approximately $13,805,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CARR. Torren Management LLC acquired a new stake in Carrier Global during the fourth quarter valued at approximately $25,000. Johnson Financial Group Inc. acquired a new position in shares of Carrier Global in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in shares of Carrier Global in the 2nd quarter worth approximately $26,000. Financial Management Professionals Inc. increased its holdings in shares of Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after acquiring an additional 225 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Carrier Global during the 4th quarter valued at approximately $33,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company lifted their price target on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Argus increased their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Evercore raised their target price on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Citigroup lifted their target price on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 13th. 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 stock. According to MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Stock Performance

CARR stock opened at $59.92 on Tuesday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The stock has a market capitalization of $49.39 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.23 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The stock’s fifty day moving average is $67.15 and its two-hundred day moving average is $64.13.

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 net margin of 5.52% and a return on equity of 14.68%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s quarterly 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, research analysts predict that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.6%. Carrier Global’s payout ratio is presently 66.67%.

Carrier Global Company 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.