Sanctuary Advisors LLC Buys 12,675 Shares of Carrier Global Corporation $CARR

Sanctuary Advisors LLC lifted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 20.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,773 shares of the company’s stock after acquiring an additional 12,675 shares during the period. Sanctuary Advisors LLC’s holdings in Carrier Global were worth $4,154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. YANKCOM Partnership raised its holdings 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 purchasing an additional 208 shares during the period. Torren Management LLC bought a new position in shares of Carrier Global during the 4th quarter worth about $25,000. True Wealth Design LLC grew 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 buying an additional 427 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Carrier Global in the 4th quarter valued at about $27,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in Carrier Global in the 4th quarter valued at about $33,000. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on CARR. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. BNP Paribas Exane assumed coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. Royal Bank Of Canada boosted their price objective on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $73.51.

Carrier Global Trading Up 0.0%

NYSE CARR opened at $68.71 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $68.27 and a 200 day simple moving average of $62.70. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The firm has a market capitalization of $57.07 billion, a P/E ratio of 45.20, a PEG ratio of 2.75 and a beta of 1.31.

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, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts predict that Carrier Global Corporation will post 2.79 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.4%. Carrier Global’s dividend payout ratio (DPR) is 63.16%.

Carrier Global Company 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.