Wealthfront Advisers LLC Has $5.22 Million Stock Position in Carrier Global Corporation $CARR

Wealthfront Advisers LLC lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 12.7% in the first quarter, Holdings Channel.com reports. The fund owned 92,742 shares of the company’s stock after purchasing an additional 10,453 shares during the quarter. Wealthfront Advisers LLC’s holdings in Carrier Global were worth $5,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARR. YANKCOM Partnership boosted its position 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 buying an additional 208 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth $25,000. True Wealth Design LLC increased its stake 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 valued at $26,000 after acquiring an additional 427 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Carrier Global in the fourth quarter valued at approximately $27,000. Finally, Board of the Pension Protection Fund acquired a new stake in Carrier Global during the 4th quarter worth $32,000. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CARR. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Robert W. Baird increased their price target on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Morgan Stanley increased their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Citigroup lifted their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $73.51.

Carrier Global Trading Down 0.9%

CARR opened at $68.71 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 stock has a market capitalization of $57.07 billion, a price-to-earnings ratio of 45.20, a P/E/G ratio of 2.75 and a beta of 1.31. The company has a 50-day simple moving average of $68.27 and a 200 day simple moving average of $62.64. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 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 firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts predict that Carrier Global Corporation will post 2.79 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 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.