ClearAlpha Technologies LP Makes New $742,000 Investment in Carrier Global Corporation $CARR

ClearAlpha Technologies LP bought a new position in Carrier Global Corporation (NYSE:CARR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,046 shares of the company’s stock, valued at approximately $742,000. Carrier Global accounts for approximately 2.1% of ClearAlpha Technologies LP’s investment portfolio, making the stock its 13th biggest holding.

Several other large investors have also added to or reduced their stakes in the stock. Capital International Investors boosted its stake in Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares during the period. State Street Corp boosted its stake in Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock worth $1,782,231,000 after purchasing an additional 351,490 shares during the period. Fisher Asset Management LLC boosted its stake in Carrier Global by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after purchasing an additional 90,585 shares during the period. Dodge & Cox boosted its stake in Carrier Global by 5.1% in the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after purchasing an additional 651,648 shares during the period. Finally, Morgan Stanley boosted its stake in Carrier Global by 1.8% in the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after purchasing an additional 210,952 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CARR shares. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada raised their price target on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. The Goldman Sachs Group boosted their price objective on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Morgan Stanley raised their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Finally, Barclays lifted their target price on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Price Performance

CARR stock opened at $69.48 on Thursday. The stock has a market cap of $57.71 billion, a PE ratio of 45.71, a P/E/G ratio of 2.86 and a beta of 1.34. 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 firm has a 50 day simple moving average of $64.59 and a two-hundred day simple moving average of $60.03.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations 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 firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts predict that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. 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%.

About Carrier Global

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.