Sivia Capital Partners LLC Takes $444,000 Position in Carrier Global Corporation $CARR

Sivia Capital Partners LLC purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 8,412 shares of the company’s stock, valued at approximately $444,000.

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

Analyst Ratings Changes

Several brokerages recently issued reports on CARR. Barclays upped their target price on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. BNP Paribas Exane began coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 target price for the company. The Goldman Sachs Group upped their target price on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Rothschild & Co Redburn upped their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley boosted their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $74.04.

Carrier Global Stock Performance

Carrier Global stock opened at $67.18 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. The company has a market capitalization of $55.79 billion, a PE ratio of 44.19, a P/E/G ratio of 2.75 and a beta of 1.34. The firm has a fifty day simple moving average of $62.30 and a two-hundred day simple moving average of $59.02. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last posted 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 during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts expect that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed 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. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 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.