King Luther Capital Management Corp Makes New Investment in Carrier Global Corporation $CARR

King Luther Capital Management Corp bought a new position in shares of Carrier Global Corporation (NYSE:CARR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,911 shares of the company’s stock, valued at approximately $682,000.

Other institutional investors have also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in Carrier Global during the 3rd quarter worth $25,000. Torren Management LLC bought a new position in shares of Carrier Global during the fourth quarter worth $25,000. YANKCOM Partnership boosted its position in shares of Carrier Global by 78.5% during the fourth 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% during the fourth 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% during the fourth 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. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 0.2%

Shares of NYSE:CARR opened at $63.92 on Friday. The company’s 50-day moving average price is $61.48 and its two-hundred day moving average price is $58.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The stock has a market capitalization of $53.09 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.38.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate 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 firm posted $0.65 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts forecast that Carrier Global Corporation will post 2.8 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent analyst reports. Rothschild & Co Redburn lifted their price target on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Citigroup lifted their price target on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada lifted their price target on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $74.04.

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.