Auto Owners Insurance Co Buys 662,878 Shares of Carrier Global Corporation $CARR

Auto Owners Insurance Co raised its stake in Carrier Global Corporation (NYSE:CARR) by 5,184.0% during the fourth quarter, HoldingsChannel reports. The fund owned 675,665 shares of the company’s stock after buying an additional 662,878 shares during the period. Auto Owners Insurance Co’s holdings in Carrier Global were worth $3,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global in the third quarter worth about $25,000. YANKCOM Partnership lifted its position in Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares in the last quarter. Torren Management LLC bought a new position in Carrier Global in the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates boosted its stake in Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CARR shares. Mizuho increased their price objective on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. The Goldman Sachs Group upped their target price on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Sanford C. Bernstein began coverage on shares of Carrier Global in a report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price target on the stock. Evercore lifted their price target on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.09.

Carrier Global Stock Up 0.2%

NYSE CARR opened at $71.92 on Friday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The stock has a market cap of $59.74 billion, a PE ratio of 47.32, a P/E/G ratio of 2.88 and a beta of 1.34. The stock’s 50 day moving average is $65.20 and its 200 day moving average is $60.24.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts predict that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

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.