Havemeyer Place LP Invests $812,000 in Carrier Global Corporation $CARR

Havemeyer Place LP bought a new position in Carrier Global Corporation (NYSE:CARR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,358 shares of the company’s stock, valued at approximately $812,000.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after acquiring an additional 1,850 shares in the last quarter. AQR Capital Management LLC grew its position in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after acquiring an additional 23,200 shares in the last quarter. United Bank grew its position in Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after acquiring an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after acquiring an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in Carrier Global by 6.0% in the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after acquiring an additional 561 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wells Fargo & Company lifted their price target on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Robert W. Baird lifted their price target on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Argus lifted their price target on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Barclays lifted their price target on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.04.

Carrier Global Stock Up 0.3%

Shares of NYSE:CARR opened at $67.36 on Tuesday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The business has a 50 day simple moving average of $62.56 and a two-hundred day simple moving average of $59.17. The firm has a market capitalization of $55.95 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 2.69 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 (NYSE:CARR) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) 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 business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is 63.16%.

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.