GSA Capital Partners LLP Buys Shares of 53,748 Carrier Global Corporation $CARR

GSA Capital Partners LLP bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 53,748 shares of the company’s stock, valued at approximately $2,840,000. Carrier Global makes up about 0.2% of GSA Capital Partners LLP’s investment portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of Carrier Global during the third quarter valued at approximately $25,000. YANKCOM Partnership increased its position in shares of Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares in the last quarter. Torren Management LLC bought a new stake in shares of Carrier Global during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates increased its position in shares of Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares in the last quarter. Finally, True Wealth Design LLC increased its position in shares of Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.0%

Shares of Carrier Global stock opened at $64.68 on Tuesday. The company’s fifty day simple moving average is $60.40 and its 200-day simple moving average is $58.31. The stock has a market capitalization of $53.72 billion, a PE ratio of 42.55, a P/E/G ratio of 2.57 and a beta of 1.38. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results 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 business 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%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts anticipate that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio is 63.16%.

Analyst Ratings Changes

Several brokerages recently weighed in on CARR. Wolfe Research raised their price target on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Mizuho raised their price target on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. BNP Paribas Exane began coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. Finally, Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $73.78.

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.