Legal & General Group Plc Purchases New Stake in Carrier Global Corporation $CARR

Legal & General Group Plc acquired a new stake in Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,394,901 shares of the company’s stock, valued at approximately $322,366,000.

Other hedge funds have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC raised its holdings in shares of Carrier Global by 2.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after acquiring an additional 158 shares during the last quarter. Aigen Investment Management LP boosted its stake in Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after purchasing an additional 166 shares during the last quarter. Advisory Alpha LLC increased 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 purchasing an additional 171 shares in the last quarter. Texas Bank & Trust Co increased its holdings in 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 purchasing an additional 175 shares in the last quarter. Finally, Advisor OS LLC raised its stake in shares of Carrier Global by 0.8% in the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after purchasing an additional 178 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CARR has been the topic of several analyst reports. Evercore lifted their target price on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Mizuho upped their target price on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Finally, Wells Fargo & Company increased their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $58.51 on Wednesday. The business’s fifty day simple moving average is $66.89 and its 200 day simple moving average is $64.09. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The firm has a market capitalization of $48.23 billion, a P/E ratio of 40.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.6%. Carrier Global’s dividend 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.