Jupiter Topco LLC Acquires New Stake in Carrier Global Corporation $CARR

Jupiter Topco LLC bought a new stake in Carrier Global Corporation (NYSE:CARR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 119,219 shares of the company’s stock, valued at approximately $8,738,000.

Several other institutional investors and hedge funds have also bought and sold shares of CARR. Hsbc Holdings PLC increased its position in shares of Carrier Global by 13.8% during the 2nd quarter. Hsbc Holdings PLC now owns 1,589,619 shares of the company’s stock valued at $116,830,000 after purchasing an additional 192,493 shares during the last quarter. EFG International AG purchased a new position in shares of Carrier Global in the second quarter worth approximately $159,000. Ancora Advisors LLC bought a new stake in Carrier Global during the second quarter valued at approximately $375,000. Primecap Management Co. CA bought a new stake in Carrier Global during the second quarter valued at approximately $283,585,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Carrier Global during the second quarter valued at approximately $14,185,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CARR. JPMorgan Chase & Co. increased their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Wolfe Research restated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Finally, Rothschild & Co Redburn boosted their price target on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Trading Down 0.1%

Shares of Carrier Global stock opened at $58.73 on Monday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. 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 company has a market capitalization of $48.41 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.18 and a beta of 1.31. The company has a fifty day moving average of $66.15 and a 200 day moving average of $63.97.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared 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 1.6%. The ex-dividend date was Tuesday, July 21st. 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.