126,039 Shares in Carrier Global Corporation $CARR Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 126,039 shares of the company’s stock, valued at approximately $9,255,000.

Several other institutional investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC boosted its position in shares of Carrier Global by 2.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock valued at $426,000 after acquiring an additional 158 shares during the last quarter. Aigen Investment Management LP increased its position in Carrier Global by 0.3% in the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after purchasing an additional 166 shares during the last quarter. Advisory Alpha LLC raised its stake in Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after purchasing an additional 171 shares in the last quarter. Texas Bank & Trust Co lifted its position in Carrier Global by 1.3% during the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock valued at $742,000 after purchasing an additional 175 shares during the last quarter. Finally, Advisor OS LLC lifted its position in Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after purchasing an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research reports. Wolfe Research restated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. JPMorgan Chase & Co. increased 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. Sanford C. Bernstein reiterated a “market perform” rating and issued a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. Argus lifted their price target on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Trading Down 0.2%

CARR stock opened at $58.73 on Friday. 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 twelve month low of $50.24 and a twelve month high of $76.76. The stock has a market capitalization of $48.41 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. The firm’s fifty day simple moving average is $66.15 and its two-hundred day simple moving average is $63.98.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share 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 for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts anticipate that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were given a $0.24 dividend. 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 dividend 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.