Wealth Alliance LLC Takes Position in Carrier Global Corporation $CARR

Wealth Alliance LLC acquired a new position in Carrier Global Corporation (NYSE:CARR) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,469 shares of the company’s stock, valued at approximately $533,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after purchasing an additional 1,850 shares during the period. AQR Capital Management LLC boosted its stake in Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after purchasing an additional 23,200 shares during the period. United Bank grew its holdings in Carrier Global by 41.2% during the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after buying an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Carrier Global by 6.0% during the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after buying an additional 561 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Up 0.0%

Shares of NYSE:CARR opened at $68.91 on Monday. The stock has a market capitalization of $57.24 billion, a P/E ratio of 45.34, a price-to-earnings-growth ratio of 2.76 and a beta of 1.31. The stock’s 50-day moving average price is $68.50 and its 200-day moving average price is $63.22. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09.

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

Carrier Global Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Rothschild & Co Redburn increased their target price 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. Morgan Stanley upped their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. The Goldman Sachs Group increased their price objective on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. BNP Paribas Exane started coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.