Summitry LLC Has $52.35 Million Stock Holdings in Carrier Global Corporation $CARR

Summitry LLC lessened its holdings in Carrier Global Corporation (NYSE:CARR) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 990,752 shares of the company’s stock after selling 23,891 shares during the period. Carrier Global comprises approximately 2.2% of Summitry LLC’s portfolio, making the stock its 17th biggest position. Summitry LLC’s holdings in Carrier Global were worth $52,351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital International Investors boosted its position in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares during the period. State Street Corp boosted its position in shares of Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after buying an additional 473,692 shares during the period. Fisher Asset Management LLC boosted its position in shares of Carrier Global by 0.6% in the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after buying an additional 90,585 shares during the period. Dodge & Cox boosted its position in shares of Carrier Global by 5.1% in the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after buying an additional 651,648 shares during the period. Finally, PineStone Asset Management Inc. boosted its position in shares of Carrier Global by 34.6% in the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after buying an additional 1,837,985 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE CARR opened at $63.19 on Tuesday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The stock’s 50-day moving average is $60.86 and its two-hundred day moving average is $58.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The firm has a market cap of $52.49 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 2.51 and a beta of 1.38.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts anticipate that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CARR. Royal Bank Of Canada lifted their price objective on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. BNP Paribas Exane began coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. Evercore lifted their price objective on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Robert W. Baird lifted their price objective on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Finally, Mizuho lifted their price objective on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $73.78.

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.