O Shaughnessy Asset Management LLC Has $7.63 Million Holdings in Carrier Global Corporation $CARR

O Shaughnessy Asset Management LLC decreased its holdings in Carrier Global Corporation (NYSE:CARR) by 6.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 144,315 shares of the company’s stock after selling 9,288 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Carrier Global were worth $7,626,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CARR. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Carrier Global in the 3rd quarter valued at $25,000. YANKCOM Partnership raised its stake in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 208 shares in the last quarter. Torren Management LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates raised its stake in shares of 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 buying an additional 300 shares in the last quarter. Finally, True Wealth Design LLC raised its stake in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 4.5%

CARR opened at $68.05 on Thursday. The firm’s 50-day simple moving average is $63.17 and its 200-day simple moving average is $59.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The firm has a market cap of $56.52 billion, a price-to-earnings ratio of 44.77, a PEG ratio of 2.86 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s quarterly 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. Equities research analysts anticipate that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CARR shares. Argus increased their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. CICC Research dropped their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Robert W. Baird increased their price objective on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Royal Bank Of Canada increased their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, BNP Paribas Exane began coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.