SHP Wealth Management Buys Shares of 10,648 Carrier Global Corporation $CARR

SHP Wealth Management purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,648 shares of the company’s stock, valued at approximately $563,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global during the third quarter valued at approximately $25,000. YANKCOM Partnership lifted its stake in Carrier Global by 78.5% in the 4th 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. Torren Management LLC bought a new position in Carrier Global in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates boosted its holdings in Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares during the period. Finally, True Wealth Design LLC grew its position in shares of Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Up 0.2%

Shares of NYSE CARR opened at $71.92 on Friday. The stock has a market capitalization of $59.74 billion, a P/E ratio of 47.32, a PEG ratio of 2.88 and a beta of 1.34. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The firm’s 50 day simple moving average is $65.20 and its two-hundred day simple moving average is $60.24. 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 (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts expect that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.3%. Carrier Global’s payout ratio is currently 63.16%.

Analysts Set New Price Targets

CARR has been the topic of several research analyst reports. 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 report on Tuesday, May 5th. The Goldman Sachs Group lifted their price objective on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Robert W. Baird boosted their target price on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Evercore upped their target price on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Wells Fargo & Company lifted their price target on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $74.09.

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.