Elevation Point Wealth Partners LLC Takes Position in Carrier Global Corporation $CARR

Elevation Point Wealth Partners LLC purchased a new stake in Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 27,773 shares of the company’s stock, valued at approximately $2,037,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARR. Torren Management LLC bought a new stake in Carrier Global during the 4th quarter worth about $25,000. Johnson Financial Group Inc. bought a new position in shares of Carrier Global in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Carrier Global during the 2nd quarter worth approximately $26,000. Financial Management Professionals Inc. grew its position in shares of Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after buying an additional 225 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Carrier Global during the fourth quarter worth approximately $33,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of CARR stock opened at $60.40 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76. The firm has a fifty day moving average of $67.37 and a 200-day moving average of $64.14. The firm has a market capitalization of $49.79 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 2.23 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, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities research analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CARR. Wells Fargo & Company increased their price objective on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Royal Bank Of Canada upped their target price on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Mizuho upped their price objective on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.67.

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.