Wealth Alliance LLC Acquires New Stake in Carrier Global Corporation $CARR

Wealth Alliance LLC purchased a new stake in Carrier Global Corporation (NYSE:CARR – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,469 shares of the company’s stock, valued at approximately $533,000.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Carrier Global during the 4th quarter worth about $380,299,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $99,839,000. PineStone Asset Management Inc. increased its position in shares of Carrier Global by 34.6% in the fourth 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 during the last quarter. Voloridge Investment Management LLC raised its holdings in Carrier Global by 865.3% during the fourth quarter. Voloridge Investment Management LLC now owns 1,974,350 shares of the company’s stock worth $104,325,000 after acquiring an additional 1,769,813 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Carrier Global by 44.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,783,753 shares of the company’s stock worth $252,774,000 after acquiring an additional 1,465,144 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

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Carrier Global Price Performance

Carrier Global stock opened at $68.91 on Monday. The stock has a 50-day moving average price of $68.50 and a two-hundred day moving average price of $63.22. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a market capitalization of $57.24 billion, a PE ratio of 45.34, a P/E/G ratio of 2.76 and a beta of 1.31. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts expect that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.4%. Carrier Global’s dividend payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of Carrier Global in a report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 target price on the stock. Citigroup lifted 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. Robert W. Baird boosted their price objective on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Mizuho upped their target price on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, BNP Paribas Exane assumed coverage on Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $73.51.

Check Out Our Latest Analysis on Carrier Global

About Carrier Global

(Free Report)

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.

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