Lecap Asset Management Ltd. Acquires Shares of 15,064 Carrier Global Corporation $CARR

Lecap Asset Management Ltd. bought a new position in shares of Carrier Global Corporation (NYSE:CARR) during the fourth quarter, HoldingsChannel.com reports. The firm bought 15,064 shares of the company’s stock, valued at approximately $796,000.

Other hedge funds also recently made changes to their positions in the company. Capital International Investors raised its position in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. State Street Corp increased its stake in Carrier Global by 1.4% during the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after acquiring an additional 473,692 shares during the period. Fisher Asset Management LLC increased its stake in Carrier Global by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after acquiring an additional 90,585 shares during the period. Dodge & Cox raised its holdings in Carrier Global by 5.1% in the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock valued at $801,634,000 after acquiring an additional 651,648 shares in the last quarter. Finally, PineStone Asset Management Inc. raised its holdings in Carrier Global by 34.6% in the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after acquiring an additional 1,837,985 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CARR. JPMorgan Chase & Co. increased their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Wells Fargo & Company dropped their price target on Carrier Global from $65.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Wolfe Research upped their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group increased their price objective on shares of Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Robert W. Baird raised their target price on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $69.79.

Carrier Global Stock Down 0.1%

CARR stock opened at $61.26 on Monday. The firm has a 50-day moving average price of $60.31 and a 200-day moving average price of $57.49. 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 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $51.18 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 2.50 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a $0.24 dividend. The ex-dividend date is Monday, May 4th. This represents a $0.96 annualized dividend and a yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 56.14%.

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.