3,866,183 Shares in Carrier Global Corporation $CARR Bought by Primecap Management Co. CA

Primecap Management Co. CA acquired a new stake in Carrier Global Corporation (NYSE:CARR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,866,183 shares of the company’s stock, valued at approximately $283,585,000. Primecap Management Co. CA owned 0.47% of Carrier Global at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Torren Management LLC acquired a new position in Carrier Global during the fourth quarter worth approximately $25,000. Johnson Financial Group Inc. acquired a new stake in shares of Carrier Global in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Carrier Global in the second quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its stake in shares of Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Carrier Global during the 4th quarter worth approximately $33,000. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Mizuho upped their price objective on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Citigroup increased their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Evercore raised their target price on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Stock Down 2.4%

CARR stock opened at $58.51 on Wednesday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The business has a 50-day simple moving average of $66.89 and a 200 day simple moving average of $64.09. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The company has a market cap of $48.23 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Carrier Global 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.