Vise Technologies Inc. Takes $2.52 Million Position in Carrier Global Corporation $CARR

Vise Technologies Inc. purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, Holdings Channel.com reports. The fund purchased 34,332 shares of the company’s stock, valued at approximately $2,518,000.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on CARR. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Evercore increased their price objective on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 target price on shares of Carrier Global in a research report on Thursday, July 30th. Rothschild & Co Redburn boosted their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company boosted their target price on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Stock Performance

Shares of CARR stock opened at $60.40 on Friday. The business’s 50-day moving average price is $67.37 and its 200-day moving average price is $64.11. 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 $49.79 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.22 and a beta of 1.31. 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 (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share 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 company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities 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. Shareholders of record on Tuesday, July 21st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. 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.