Carrier Global Corporation $CARR Shares Purchased by Prevatt Capital Ltd

Prevatt Capital Ltd raised its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 31.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,000 shares of the company’s stock after acquiring an additional 95,000 shares during the quarter. Carrier Global makes up 6.0% of Prevatt Capital Ltd’s investment portfolio, making the stock its 10th largest holding. Prevatt Capital Ltd’s holdings in Carrier Global were worth $22,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Aigen Investment Management LP increased its holdings in shares of Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after purchasing an additional 166 shares during the period. Advisory Alpha LLC boosted its holdings in shares of Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after purchasing an additional 171 shares during the period. Advisor OS LLC grew its position in Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after purchasing an additional 178 shares in the last quarter. Wescott Financial Advisory Group LLC grew its position in Carrier Global by 4.7% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock valued at $220,000 after purchasing an additional 186 shares in the last quarter. Finally, Rossmore Private Capital increased its stake in Carrier Global by 1.5% in the 4th quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock valued at $684,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 2.9%

NYSE:CARR opened at $69.97 on Friday. The company has a market capitalization of $58.12 billion, a P/E ratio of 46.03, a P/E/G ratio of 2.89 and a beta of 1.31. The stock’s 50 day moving average price is $67.17 and its 200 day moving average price is $61.49. 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.

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 analysts’ consensus estimates of $0.51 by $0.06. The firm had revenue of $5.34 billion during 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 period in the previous year, the company earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts forecast that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be paid a $0.24 dividend. 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 payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CARR shares. Royal Bank Of Canada increased their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. BNP Paribas Exane started coverage on shares of Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target on the stock. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Citigroup increased their price objective on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Argus lifted their price objective on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.25.

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.