Gateway Wealth Partners LLC Purchases Shares of 9,892 Carrier Global Corporation $CARR

Gateway Wealth Partners LLC purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,892 shares of the company’s stock, valued at approximately $557,000.

Several other institutional investors and hedge funds have also made changes to their positions in CARR. Brighton Jones LLC grew its position in shares of Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after acquiring an additional 1,850 shares during the last quarter. AQR Capital Management LLC raised its position in Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after purchasing an additional 23,200 shares during the last quarter. United Bank boosted its stake in Carrier Global by 41.2% during the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after purchasing an additional 4,956 shares during the period. Schnieders Capital Management LLC. boosted its stake in Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after purchasing an additional 4,277 shares during the period. Finally, Guggenheim Capital LLC grew its position in Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after purchasing an additional 561 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Carrier Global from $74.00 to $80.00 in a research 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. Royal Bank Of Canada lifted their target price on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. BNP Paribas Exane began coverage on Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 target price on the stock. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $78.00 price target on shares of Carrier Global in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Stock Performance

Shares of CARR stock opened at $61.36 on Friday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.02. The stock has a fifty day moving average price of $68.54 and a 200 day moving average price of $63.49. The stock has a market cap of $50.97 billion, a PE ratio of 42.61, a P/E/G ratio of 2.32 and a beta of 1.31.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.88 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is currently 66.67%.

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.