Carrier Global Corporation $CARR Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 1,794.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 101,386 shares of the company’s stock after purchasing an additional 96,034 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Carrier Global were worth $5,709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CARR. KERR FINANCIAL PLANNING Corp purchased a new stake in Carrier Global in the 3rd quarter valued at about $25,000. YANKCOM Partnership lifted its holdings in shares of Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares during the period. Torren Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates boosted its position 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 acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in 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. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.9%

CARR opened at $69.33 on Friday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The firm has a 50 day moving average price of $68.23 and a 200 day moving average price of $62.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The company has a market cap of $57.58 billion, a PE ratio of 45.61, a price-to-earnings-growth 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 for the quarter, beating 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 analysts’ expectations of $5.01 billion. During the same period in the previous year, the company posted $0.65 earnings per share. Carrier Global’s 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. Sell-side analysts expect that Carrier Global Corporation will post 2.79 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Argus upped their price target on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Mizuho lifted their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Rothschild & Co Redburn upped their price objective on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Morgan Stanley increased their target price 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. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.