10,648 Shares in Carrier Global Corporation $CARR Acquired by SHP Wealth Management

SHP Wealth Management purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,648 shares of the company’s stock, valued at approximately $563,000.

A number of other large investors have also bought and sold shares of CARR. Becker Capital Management Inc. raised its holdings in 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 buying an additional 22,377 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 acquiring an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in shares of Carrier Global in the fourth quarter valued at about $1,556,000. Cardinal Capital Management Inc. increased its position in shares of Carrier Global by 11.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after acquiring an additional 41,647 shares during the period. Finally, Canoe Financial LP increased its position in shares of Carrier Global by 607.5% in the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after acquiring an additional 1,026,147 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CARR. Rothschild & Co Redburn increased their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. BNP Paribas Exane started coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target on the stock. Barclays boosted their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Mizuho upped their price target on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Finally, Wells Fargo & Company increased their price objective on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $74.09.

Carrier Global Trading Up 0.2%

NYSE CARR opened at $71.92 on Friday. 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 Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The firm has a market capitalization of $59.74 billion, a PE ratio of 47.32, a P/E/G ratio of 2.88 and a beta of 1.34. The stock’s 50 day moving average is $65.20 and its 200 day moving average is $60.24.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts forecast that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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 given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. Carrier Global’s dividend payout ratio is currently 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.