Man Group plc Takes Position in Carrier Global Corporation $CARR

Man Group plc bought a new position in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, Holdings Channel.com reports. The firm bought 132,068 shares of the company’s stock, valued at approximately $9,687,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after acquiring an additional 1,850 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after purchasing an additional 23,200 shares during the last quarter. United Bank lifted its position in Carrier Global by 41.2% in the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after acquiring an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after acquiring an additional 4,277 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after buying an additional 561 shares during the period. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Mizuho increased their target price on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Barclays boosted 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. Robert W. Baird boosted their target price on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Finally, Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Stock Performance

Carrier Global stock opened at $58.73 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The firm has a market capitalization of $48.41 billion, a P/E ratio of 40.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company’s 50-day moving average is $66.15 and its 200 day moving average is $63.98.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The business 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 quarter in the previous year, the business earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Research analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced 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 annualized dividend 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%.

Carrier Global 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.