Sage Investment Advisers LLC acquired a new position in Carrier Global Corporation (NYSE:CARR – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,300 shares of the company’s stock, valued at approximately $544,000.
A number of other hedge funds have also bought and sold shares of the business. Becker Capital Management Inc. raised its stake in shares of Carrier Global by 5.6% during the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after purchasing an additional 22,377 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Carrier Global by 6.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after purchasing an additional 72,906 shares during the period. Y.D. More Investments Ltd purchased a new position in Carrier Global during the 4th quarter valued at about $1,556,000. Cardinal Capital Management Inc. grew its holdings in Carrier Global by 11.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after buying an additional 41,647 shares in the last quarter. Finally, Canoe Financial LP increased its position in shares of Carrier Global by 607.5% during the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after buying an additional 1,026,147 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CARR has been the topic of a number of recent analyst reports. Mizuho increased their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Citigroup upped their target price on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Evercore raised their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued 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 price target of $74.04.
Carrier Global Stock Performance
NYSE:CARR opened at $63.92 on Monday. The business’s 50-day moving average price is $61.48 and its two-hundred day moving average price is $58.64. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The stock has a market cap of $53.09 billion, a P/E ratio of 42.05, a PEG ratio of 2.56 and a beta of 1.34. The company has a quick ratio of 0.75, a current ratio of 1.05 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 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts predict that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.
Carrier Global Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, May 4th. 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 63.16%.
About Carrier Global
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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