Tandem Financial LLC Makes New $689,000 Investment in Carrier Global Corporation $CARR

Tandem Financial LLC purchased a new stake in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,387 shares of the company’s stock, valued at approximately $689,000.

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

Carrier Global Trading Down 0.7%

NYSE CARR opened at $59.92 on Tuesday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The company’s 50 day moving average price is $67.15 and its 200 day moving average price is $64.13. 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 firm 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.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm 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 company posted $0.92 earnings per share. Carrier Global’s 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. On average, sell-side analysts predict 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. Investors of record on Tuesday, July 21st were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. Carrier Global’s payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CARR. Wolfe Research reiterated an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Royal Bank Of Canada upped their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating 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. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group lifted their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

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.