Stoneridge Investment Partners LLC Buys New Stake in Carrier Global Corporation $CARR

Stoneridge Investment Partners LLC bought a new stake in shares of Carrier Global Corporation (NYSE:CARRFree Report) during the 2nd quarter, Holdings Channel reports. The firm bought 9,126 shares of the company’s stock, valued at approximately $564,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Torren Management LLC acquired a new position in shares of Carrier Global during the fourth quarter valued at $25,000. Financial Management Professionals Inc. lifted its holdings in Carrier Global by 142.4% in the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in Carrier Global in the fourth quarter worth about $33,000. Signature Equity Partners LLC lifted its holdings in Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after purchasing an additional 530 shares during the period. Finally, Reflection Asset Management bought a new position in Carrier Global in the 4th quarter valued at about $41,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.9%

CARR stock opened at $62.78 on Friday. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The company’s 50 day simple moving average is $68.18 and its 200-day simple moving average is $64.01. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The firm has a market capitalization of $51.75 billion, a P/E ratio of 43.60, a P/E/G ratio of 2.32 and a beta of 1.31.

Carrier Global (NYSE:CARRGet Free Report) last issued its quarterly earnings results 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 quarter in the prior year, the firm earned $0.92 EPS. The firm’s quarterly 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. As a group, equities research analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were issued a $0.24 dividend. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio is presently 66.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley raised their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. Rothschild & Co Redburn increased their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Sanford C. Bernstein reiterated a “market perform” rating and set a $78.00 price objective on shares of Carrier Global in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their target price on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.67.

View Our Latest Analysis on CARR

Carrier Global Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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