Dockside LLC Invests $2.91 Million in Carrier Global Corporation $CARR

Dockside LLC purchased a new position in Carrier Global Corporation (NYSE:CARR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 55,120 shares of the company’s stock, valued at approximately $2,913,000.

Other hedge funds have also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Carrier Global in the 3rd quarter worth approximately $25,000. Torren Management LLC bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $25,000. YANKCOM Partnership boosted its position in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares in the last quarter. True Wealth Design LLC boosted its position 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 worth $26,000 after purchasing an additional 427 shares in the last quarter. Finally, Global Wealth Strategies & Associates boosted its position in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of analyst reports. Morgan Stanley boosted their price target on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. BNP Paribas Exane initiated coverage on Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. boosted 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. 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. Finally, Evercore boosted their price target on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Stock Performance

CARR stock opened at $69.84 on Friday. The stock has a market capitalization of $58.01 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 2.81 and a beta of 1.34. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. 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 stock’s 50 day simple moving average is $63.70 and its 200 day simple moving average is $59.63.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 14.81% and a net margin of 5.99%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts forecast that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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 given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.4%. Carrier Global’s dividend 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.