60,300 Shares in Carrier Global Corporation $CARR Acquired by SIR Capital Management L.P.

SIR Capital Management L.P. bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, HoldingsChannel reports. The firm bought 60,300 shares of the company’s stock, valued at approximately $4,423,000.

Several other hedge funds have also recently added to or reduced their stakes in CARR. Cardinal Capital Management Inc. increased its stake in Carrier Global by 7.1% in the 2nd quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock worth $42,201,000 after purchasing an additional 37,934 shares in the last quarter. California Public Employees Retirement System lifted its stake in Carrier Global by 1.5% during the first quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock valued at $80,547,000 after buying an additional 21,367 shares in the last quarter. Mandatum Life Insurance Co Ltd lifted its stake in Carrier Global by 36.1% during the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock valued at $6,259,000 after buying an additional 29,495 shares in the last quarter. Avity Investment Management Inc. boosted its holdings in shares of Carrier Global by 33.9% in the second quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock worth $14,265,000 after buying an additional 49,260 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Carrier Global by 275.3% during the second quarter. Assenagon Asset Management S.A. now owns 114,739 shares of the company’s stock valued at $8,416,000 after acquiring an additional 84,165 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CARR. Wells Fargo & Company raised their price objective on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Robert W. Baird increased their target price on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Wolfe Research reiterated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Barclays increased their price objective on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada raised their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Down 0.7%

Shares of NYSE:CARR opened at $59.92 on Tuesday. The firm has a fifty day moving average of $67.15 and a two-hundred day moving average of $64.13. The company has a quick ratio of 0.72, a current ratio of 1.02 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 $49.39 billion, a P/E ratio of 41.61, a price-to-earnings-growth ratio of 2.23 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping 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 business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the business posted $0.92 earnings per share. Carrier Global’s revenue for the quarter 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, equities analysts expect that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 66.67%.

About Carrier Global

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.