Dockside LLC Invests $2.38 Million in Carrier Global Corporation $CARR

Dockside LLC purchased a new stake in Carrier Global Corporation (NYSE:CARR) in the second quarter, Holdings Channel.com reports. The fund purchased 32,496 shares of the company’s stock, valued at approximately $2,384,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its position in Carrier Global by 2.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock valued at $426,000 after acquiring an additional 158 shares in the last quarter. Aigen Investment Management LP boosted its stake in Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after purchasing an additional 166 shares during the period. Advisory Alpha LLC increased its holdings in Carrier Global by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after purchasing an additional 171 shares in the last quarter. Texas Bank & Trust Co increased its holdings in Carrier Global by 1.3% during the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after purchasing an additional 175 shares in the last quarter. Finally, Advisor OS LLC raised its stake in shares of Carrier Global by 0.8% in the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CARR. Citigroup boosted their price target on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. Rothschild & Co Redburn lifted their target price on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 target price on shares of Carrier Global in a research note on Thursday, July 30th. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group raised their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Down 0.9%

Carrier Global stock opened at $62.78 on Friday. The firm has a 50-day moving average of $68.18 and a 200-day moving average of $64.01. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The company has a market cap of $51.75 billion, a price-to-earnings ratio of 43.60, a P/E/G ratio of 2.34 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities analysts expect that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

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.