Havemeyer Place LP Purchases New Position in Carrier Global Corporation $CARR

Havemeyer Place LP purchased a new stake in Carrier Global Corporation (NYSE:CARR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,358 shares of the company’s stock, valued at approximately $812,000.

Other large investors have also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Carrier Global in the third quarter valued at approximately $25,000. Torren Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter valued at approximately $25,000. YANKCOM Partnership boosted its holdings in shares of 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 purchasing an additional 208 shares during the period. True Wealth Design LLC boosted its holdings in shares of Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares during the period. Finally, Global Wealth Strategies & Associates boosted its holdings in shares of Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Royal Bank Of Canada boosted their price target on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Evercore boosted their price target on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Rothschild & Co Redburn boosted their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Citigroup boosted their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $74.04.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $67.36 on Tuesday. The company has a market capitalization of $55.95 billion, a price-to-earnings ratio of 44.32, a price-to-earnings-growth ratio of 2.69 and a beta of 1.34. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. 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 firm has a 50 day moving average of $62.56 and a 200 day moving average of $59.17.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts predict that Carrier Global Corporation will post 2.78 earnings per share 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. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. Carrier Global’s payout ratio 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.