Principle Wealth Partners LLC Makes New Investment in Carrier Global Corporation $CARR

Principle Wealth Partners LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,648 shares of the company’s stock, valued at approximately $1,588,000.

A number of other institutional investors have also modified their holdings of CARR. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Carrier Global in the second quarter valued at approximately $136,714,000. OneDigital Investment Advisors LLC acquired a new position in Carrier Global during the second quarter valued at approximately $2,222,000. Plato Investment Management Ltd purchased a new stake in Carrier Global during the second quarter worth approximately $814,000. Bell Investment Advisors Inc purchased a new stake in Carrier Global during the second quarter worth approximately $495,000. Finally, AMG National Trust Bank acquired a new stake in shares of Carrier Global in the second quarter worth $1,616,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 0.3%

NYSE:CARR opened at $62.59 on Tuesday. The company has a market cap of $51.59 billion, a PE ratio of 43.47, a P/E/G ratio of 2.32 and a beta of 1.31. The business’s 50 day moving average is $68.09 and its two-hundred day moving average is $64.10. 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 52 week low of $50.24 and a 52 week high of $76.76.

Carrier Global (NYSE:CARR) last issued 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. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, 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. 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 dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s dividend payout ratio is 66.67%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CARR. Citigroup increased their price target on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. Argus boosted their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Morgan Stanley increased their price target on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Robert W. Baird lifted their price target on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.67.

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.