ClearAlpha Technologies LP Acquires New Position in Carrier Global Corporation $CARR

ClearAlpha Technologies LP acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the fourth quarter, HoldingsChannel reports. The fund acquired 14,046 shares of the company’s stock, valued at approximately $742,000. Carrier Global makes up approximately 2.1% of ClearAlpha Technologies LP’s investment portfolio, making the stock its 13th biggest holding.

Other large investors have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global in the 3rd quarter worth approximately $25,000. YANKCOM Partnership increased its stake in Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the period. Torren Management LLC purchased a new position in Carrier Global in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates increased its stake in Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares during the period. Finally, True Wealth Design LLC increased its stake in Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

CARR opened at $69.48 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The stock has a market capitalization of $57.71 billion, a PE ratio of 45.71, a price-to-earnings-growth ratio of 2.86 and a beta of 1.34. The stock’s 50 day moving average price is $64.59 and its 200-day moving average price is $60.03.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts predict that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on CARR shares. The Goldman Sachs Group lifted their price target on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Royal Bank Of Canada upped their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Robert W. Baird increased their target price on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Evercore boosted their price target on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.09.

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.