Nwam LLC Invests $1.08 Million in Carrier Global Corporation $CARR

Nwam LLC acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 19,210 shares of the company’s stock, valued at approximately $1,082,000.

A number of other institutional investors have also recently made changes to their positions in CARR. KERR FINANCIAL PLANNING Corp purchased a new stake in Carrier Global in the third quarter valued at about $25,000. YANKCOM Partnership increased its stake in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares in the last quarter. Torren Management LLC purchased a new position in shares of Carrier Global in the fourth quarter worth $25,000. Global Wealth Strategies & Associates raised 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 worth $26,000 after buying an additional 300 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after buying an additional 427 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 0.9%

Shares of NYSE:CARR opened at $69.33 on Friday. 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 50 day moving average of $68.23 and a two-hundred day moving average of $62.60. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a market capitalization of $57.58 billion, a PE ratio of 45.61, a PEG ratio of 2.75 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts forecast that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CARR. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. lifted 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. Robert W. Baird boosted their price target on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Mizuho raised their price objective on Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.51.

Carrier Global 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.