Virtu Financial LLC Makes New Investment in Carrier Global Corporation $CARR

Virtu Financial LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 31,021 shares of the company’s stock, valued at approximately $1,639,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CARR. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global in the third quarter valued at about $25,000. YANKCOM Partnership boosted its stake in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares during the last quarter. Torren Management LLC acquired a new stake in Carrier Global during the 4th quarter worth $25,000. Global Wealth Strategies & Associates raised its position in shares of Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in shares of 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 last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CARR has been the subject of several research analyst reports. Rothschild & Co Redburn boosted their price target 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. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Citigroup boosted their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Morgan Stanley increased their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.09.

Carrier Global Stock Performance

CARR opened at $71.92 on Friday. The firm has a market capitalization of $59.74 billion, a PE ratio of 47.32, a PEG ratio of 2.88 and a beta of 1.34. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The business’s 50-day simple moving average is $65.20 and its 200 day simple moving average is $60.24. 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 (NYSE:CARR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 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 company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The firm’s revenue for the quarter 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. As a group, sell-side analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared 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 of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

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.